Some of those may even be competent and know how to underwrite deals and sponsors. 

And even then, the life cycle is generally pretty long from first contact to closing.  

Private Money or Hard Money LendersIf traditional financing is a challenge, a private or hard money lender could fund the construction phase.

Breaking Even & Potential Cash Flow•Your goal of breaking even in Year 1 is very achievable, especially with a 5% down payment and PMI removal via renovations.

Also concerning, I just looked at zillow post and the pictures are very grainy and unflattering, even though they should have access to the nicer photos (I have had these for years, see below)..I've also been getting lots of calls form companies wanting me to sell my house.

Glad to see some justice.The next round of scams will be people raising money for new deals but then using those new funds to bail out previous deals—be it flippers who can't sell or apartment investors facing refinance rates and decompressing CAP rates.

A member of the association who is not on the board would probably not even know if they were selling.

Quote from @Noah Laker: I'm a real estate broker and my client is a high W2 earner, taking advantage of the "STR Loophole"His CPA told him that he can only do cost segregation on properties which are active STR's.My understanding was that, if he obtains REP status through any one of his properties, that he can take advantage of depreciation on any investment property, even if that one is not an STR.

Have you checked with an SEC attorney to make sure you know how to legally raise money? 

This is advantageous bc later you have a third party loan (not your personal money) so seasoning period is 90 days to DSCR out.