Thank you for the response and info!

You would be surprised at how many calls this will save.

Year 1, cash on cash return at 9.46% Over the next 10 years, here are the projected overall returns with 5% year over year rent growth, 3% year over year appreciation of the property, and calculations for tax savings + debt pay down: I'm a buy and hold investor.

The STR Loophole is very complex, but can save you thousands.- Did you materially participate?

Repeat that research at the county and state levels. 6 review all info vs your UW and see if there is a land value above $0 that makes the deal work in today’s market. potentially consider a JV project with the property owner after doing the above as a way to make the deal work. it’s not impossible right now based on your question but it is very difficult right now to get the numbers to work

Are there services that you could shop around for to save money?

Our cash flow is good, so I was thinking I'd get the line of credit to use for backup on these near term repairs that are less than $10k for what I can't cash flow or cover from savings.

@Ahmad Moore Based on the info you provided, a CPA who specializes in real estate would get you the most bang for your buck. 

If not, it should probably be in your state and be taxed as an S-Corp, to save you some money. 

Thank you for the info!