Multiple professional references, when addressing this issue, carefully state: "the IRS position is..." - which to me indicates the same doubts that I have about the legality of the IRS position.Until the IRS is challenged in court over this position and loses, I choose to comply with their position.

Any new feedback on Matt Scott and his 7xCapital?

Thank you so much for the feedback!

Left me feeling like a basically have a retail/fulfillment person on my team so I'm a big fan and would recommend giving them a shot, especially if you're in a similar position as I was: Needing to furnish an STR quickly and cost-efficiently. 

If you have any experience with real estate in the greater Charleston area, I’d greatly appreciate your feedback and insights.

I wish someone had told me about this when I bought my first place.I run a Property Management company and would only recommend a property mgr if you are cash positive or physically cannot tend to the property.  

Based on the feedback in the thread and in talking with my accountant it doesnt seem like a cost seg makes sense for my situation. 

At best you’ll be able to buy, through “creative” finance break even cash flow situations, which at best may begin modest positive cash flow in 3 or more years. 

These properties are generally in high demand, but on a positive there will be drastically less new inventory of competing rental properties. 

Connect with a local architect who specializes in new construction duplexes and get their feedback on the highest and best use of the land, as is.