I was first introduced to notes when I saw Jimmy Napier speak, and subsequently bought his book, Invest in Debt.

I can sort out the financing and willing to pay a commission or have some kind of agreement to pay this developer mentor for his semi-active guidance on my first (and if all goes well) subsequent projects. 

For instance, while it can bolster initial cash flow by reducing tax liability, it could diminish deductions in subsequent years (when the property might produce better cashflow), impacting overall tax footprint, so you need to take into account all that in the context of your short term and long term tax strategy (e.g. if you plan on selling soon, at which time the depreciation gets recovered, or not and planning to hold for a long term/forever/1031, buying more later and creating more depreciation to offset cashflow or not, etc.).The alternative is a do-it-yourself (DIY) or survey option, which costs around $400 to $500 per property (I can do my CSS report in 10min, once I have all the data needed).

Upon termination, either by a landlord or by the expiration of the term, of a rental agreement or month to month tenancy for a dwelling unit whose rent is current, (1) if notice has been given to the tenant under this subsection, the rent for the dwelling unit in a subsequent rental agreement or month to month tenancy may not exceed the amount charged under the terminated or expired rental agreement or month to month tenancy until after the date of the increase specified in the notice; or (2) if notice has not been given to the tenant under this subsection, the rent for the dwelling unit in a subsequent rental agreement or month to month tenancy may not exceed the amount charged under the terminated or expired rental agreement or month to month tenancy until 90 days after the date the rental agreement was terminated or expired

In my area in Tahoe there is commonly snow damage and subsequent water damage.

It seems like an infinite loophole (conducting a 1031 Exchange every two years and subsequently claiming Short-Term Rental Depreciation repeatedly).

Subsequently, the property will undergo an evaluation by an Environmental Health Official to ascertain the necessity for system enhancements or the installation of a new Alternative Treatment System.2.

My "mistakes" with this property are what allowed me to be more successful with each subsequent property. 

I haven’t heard from them despite 2 subsequent reminders.

There is a test called HOWEY test (you can google it).Basically if the asset is an "investment of money in a common enterprise, with a reasonable expectation of profits to be derived from the efforts of others" it is considered a security.