I have done quite a bit of studying and research over the past year and a half, and I've recently started reaching out to potential cash buyers in the area.

Beyond BP, there is a lot of confusion in the accounting community as well but the same rules have been in existence for quite a while and often were not studied since STRs have never been so popular. 

Yes, you need to do a cost segregation study

I've been studying real estate investing the last few years and am considering jumping in.

Independent studies (1, 2) and basic logic show you will make more selling it yourself.

FYI, after I was turned down by a local sub to mentor to be my coach, I dusted off and have been studying Carleton Sheets, No Money Down real estate program, that a family member gave me over a decade ago.

There are a lot of studies on this but it is not the immediate response from professionals whose business it is to document all the ifs and and buts of a partnership and to  problem solve for the inevitable problems.

And half of American renter households spend at least 30% of their income on housing, which is up sharply since 2000, according to Harvard University’s Joint Center for Housing Studies.

If that's the case, then your next best bet is really concentrate on your studies.

I’ve never closed a deal but I'm just gonna jump head first into it but I have been studying and reading lots and taking in content, I’ve done my due diligence.