It's essential to thoroughly analyze your financial situation, consider potential risks, and make informed decisions based on your specific goals and circumstances.

Condotels generally require a minimum down payment of 20%, which all comes down to the condo financials and the condo questionnaire once under contract as to whether or not more than 20% down payment will be required.

What financially makes this worth it?

I think you need a new accoutant, or else your financial situation is more complicated..A STR to me is still a rental....The nature of flipping is that it will be part of your ordinary income. 

You can put down a few coats of poly to protect it so it won’t need to be refinished for a while longer.

The choice depends on your priorities, risk tolerance, and financial goals.

Knowing these costs early on helps you figure out if it's a good fit financially.

This depends on the lender's policies, the property value and your overall financial situation. 

The asset protection benefit is that I can utilize Special Allocation strategies whereby, I, as a natural personal individual, would own less than 10% of this new Partnership/LLC and my SMLLC would own the remainder 90% thus the majority tax responsibility would flow through to the SMLLC.Any thoughts from the professionals of BP is greatly appreciated!

Allows more privacy and another layer of liability protection.