The rules are as you stated. 45 days to identify up to 3 properties you might buy, 180 days to close.

You are asking me to extinguish any leverage I have and left vulnerable for anyone to steal the deal from under me". 

👋🏽Perfect timing - now is the time to set up your team to help you find a lucrative deal in the north side of Chicago.

He jumped on the short-term rental bandwagon, hired a property management company to handle the day-to-day, and hoped to write off a hefty sum against his W2 income.However, his journey took a turn for the worse when he got audited by the IRS.

Talk to a lawyer.If you get in trouble with your city you won't be able to rent it out now or later.

It's difficult to understand your question.

It would also be nice to know what you plan to do with the property once it is built. 

I would anticipate roughly 20-40k depending on how deep you have to go.

Quote from @Sarah Rosko: We manage several medium-term rentals as well and typically operate with a 30-day minimum stay.

Hi Sean, welcome to the community!