I found them extremely knowledgeable, informative, and responsive.

It's not likely you'll be able to rent rooms out for 1500-2K per month unless it is an extremely nice house/area.

While it’s not impossible to close in mid December and still meet all requirements of the STR loophole, it will be extremely difficult due to the nature of hitting 150 hours, having it rented for 15 days or greater and having the avg stay be no greater than 7 days and not a decimal more.

.: EM doesn’t seem extremely low, just kinda low.

Rental property is extremely tax advantaged based on the current tax code.

Thanks Zach, I totally agree.Here are some things that keep me extremely optimistic about the build, when I have moments of frustration:-My initial expectation of value was ~340k.  

For me it's CA since I live here but the prices are extremely high for a new investor.

In our trade, I would not expect any owner or GC to get this correct since our industry is extremely specialized.

Or would the investors above been aware of the extremely high risk associated with these extreme high returns?    

On other extreme let's look at that, a "good" STR business.