If you've got more money than you do time, maybe buying turnkey rentals and simply following the 1% rule can work well for you.Final point: I think it's important to be looking longer term at investments in the current market!

My cost basis would be 40 or 50% lower due to the fact I am performing most of the labor "free of charge". 

If I can do that and save 50-100k on project.

If that option is ruled out, what alternatives do I have? 

Familiarize yourself with the due diligence criteria and true performance variable (we do this with as litle as $50 analyzing real properties and execute real purchases)5.

One other question: I believe that these are either 50% equity or 100%.

Hey @William Brock - Did you or any of the other STR investors in the Canyon Lake area see any difference following this ruling in 2020?

We follow Airbnb rules in Colorado.

Don't use maint tickets for <50 doors.  500 doors yes a bigger problem!.   

You can also look into CPA's who are not local to you, there are many accountants who have clients in all 50 states.