Is that something they’ll do prior to looking at any potential deals under contract?

I’m brainstorming ideas on how I can market myself to potential mentors in the STR game in order to gain experience.

OP I think you’re in a great geographic spot and potential REI strategy potential.1.  

I could take look at it for you, and help you understand it if it's a standard lease, no need to pay me, although I am not a lawyer.  

The numbers definitely work if the rehab stays within $100K–$115K and the timeline is 6 months, but with a full gut reno, I want to be realistic about potential delays.

I don’t know what license you hold, but if I make a claim like that in a public forum against other lawyers, at minimum I am facing an ethics complaint.

Start by formalizing a lease agreement, evaluating potential renovations to maximize rental income, and deciding on a rental strategy (short-term or long-term).

To attract investors, offer incentives like high cash flow potential and tax benefits, and structure the deal with clear legal terms and contingencies to minimize risk.Good luck!

Quote from @Pankaj Malik: So I had a session with my lawyer.

If a cost segregation study was performed, the accelerated depreciation may further reduce the property’s basis, potentially increasing taxable capital gains when sold.Depreciation recapture will occur when you sell the personal residence, so it’s essential to keep detailed records of all depreciation claimed while the property was used as a rental to ensure accurate tax reporting at that time.This post does not create a CPA-Client relationship.