I’ve got a few rental properties under my belt and am now diving into value-add multifamily projects to grow my portfolio.My focus is simple: build wealth, create opportunities, and enjoy the process along the way.

Lastly funding developer who has 3 subdivisions going in WA DC market. these are big time deals and with our funds for the soft costs  500 k to 1 mil on each project my client is going to make  sit down  but probably over 10 million net  life changing money and well we will do good too !!

There are short-term rental management companies that can help with that.One that I work with in Michigan covers the entire state and can advise on local short-term rental regulations or regulations that may be on the way, they can give you an analysis of the demand for short-term rentals in that area, nightly rates in that area, monthly occupancy percentage, and projected monthly income.They also let you choose the level of service you would like from them from full service to minimal.To your success!

And i just wanna make sure we are prepared and can finish this project.   

My wife and I come from a manufacturing leadership and project management background.

Quote from @Anthony French: I’m relatively new to real estate development, having completed only one fix-and-flip project.

But at least you're getting a wash instead of getting screwed.As my colleagues said, Form 3115 is not a DIY project.

And are there certain rehab projects you avoid unless absolutely necessary?

Sounds like the person you asked is projecting their prior negative experience with duplexes.

Same as asking how much for a rehab project.