I typically lend on fix n flips and BRRRR projects, quick turnaround on my money less than 12 months is the goal.  

But, point is it's smart not to bake-in a definite high appreciation rate in the near future - that should be a potential bonus, not a feature.

I was wondering what is the best way to screen future tenants if I don't want to pay for a monthly subscription like tenant cloud or rentredi? 

This is for a commercial project! 

Most professional builders in the area who have built project recently should have a good idea of material and labor price to build a house.

For future years, we probably wouldn't meet the 500 hours test (though we still do participate a significant amount as we periodically re-stock supplies at the place, handle most maintenance issues due to shortage of workers in the town, and monitor sensors during guest stays - leak sensors/heat/stove).Specific Questions on Depreciation:Assuming that I have the qualifications for non-passive activity, I then have some questions on bonus depreciation and related stuff.5) It is my understanding that Qualified Improvement Property (QIP) bonus depreciation is probably not useful for me because I did most of the renovations prior to placing the property in-service (save for a few things).

You can always refi in the future.  

I will reach out to my city and hopefully get that approved here in the near future. 

This is my first development project.

the title will be transferred to a land trust" is called deception (an attempt to hide the transfer)You should never do anything in real estate that you have to hide, it always comes back and bites you, maybe not in 2024 but at some point in he near future, that fact will play a role in trying to keep the property.