There should be some financial advisors or real estate attorneys on here around your area who specializes in hospitality ventures and might provide valuable insights tailored to your situation.

Credit cards have the same limitation on the amount you can borrow and will likely end up costing more than private lenders.

I wanted some advice on whether we need a specialized tax accountant for Real Estate.

I am looking into getting a SPEC line of credit for 1MM or 1.5MM.

A good real estate accountant can save them thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend that they find a tax accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.I would also recommend that they look for a accountant willing to work with them throughout the year, who can help them strategize and who is responsive when they want to know the consequences of the financial decisions they are making throughout the year.Good luck.

Here are a few to watch out for:Property Condition: Most distressed properties need extensive repairs or renovations, which add to your initial investment.Competitive Market: With Phoenix's popularity among investors, competition for the best deals can be intense.Complex Deals: Foreclosures, auctions, or short sales are much more complicated compared to regular real estate transactions and usually require specialized knowledge.Tips to Successfully Navigate the MarketDo Your Research: Understand the local market conditions, including neighborhood trends, property values, and potential rental income.Build a Strong Network: Work with professionals who specialize in distressed properties-such as brokers, contractors, and legal experts-to make the best decisions.Assess Costs Carefully: Factor in the cost of repairs, holding costs, and any potential financing issues when evaluating a property’s profitability.Be Patient: Finding the right distressed property takes time.

When I inquired about it, plumber said lining, it is usually not prefect since this is PVC breakage not just pipe cracks and the cost saving is not significant enough and maybe headache down the road.I will try to get more quotes and maybe a company that specializes in pipe lining options.I was told foundation work / under slab pipe repair is common in the Dallas TX area due to soil type.

Therefore, your request for a Type 2 STR exceeded the maximum 12.5% blockface density and the only way that staff can approve this request is for the Board of Adjustment (BOA) to grant a Special Exception for the rental.Based on this information your STR permit has been cancelled.

Did you write off those special assessments in 2010 and 2012? 

https://www.sensefinancial.comYou don't need a tax attorney or a CPA to set one up - just the plan administrator/custodian.You do need a CPA who specializes in self directed retirement accounts to make sure you are complying with UBIT and UDFI rules.