Don't know this specific "mentor" but I would typically advise to steer away from them.

Most of those STR-specific risks are avoidable. 

Just posted yesterday some more specifics where new construction is starting to creep in.

@Bryce Carroll,IRS doesn't agree with what specifically?

Bailes, I've delved deep into the complexities of vapor dynamics and the importance of tailoring retrofit strategies to the specific needs of older buildings.

Their situation was a little specific as they lived in and operated a business out of their home so they signed up for a NNN lease, and the property was dual zoned residential and commercial so we were able to maximize their value.  

New investor here, looking to get started on flips and value add projects in the Denver area.After spending many hours buried in property records searches and financial spreadsheets, I've determined the best way to move forward is to enlist an agent who caters specifically to buyers looking to capture value from rehabbing run down and distressed properties. 

Last time I did that, my costs came in right at $1000.The OP is vague because it does not address size or location of heater, type of fuel, self-install or hired, permits required or not, and whether or not they care about a specific brand.  

They can provide insights specific to the Dallas market and help you make informed decisions based on your unique situation.

However, the specific details can depend on various factors, including the type of asset, how long it was held, and any applicable tax exemptions.