We have an existing 5 car garage which I plan on converting into two ADU’s, and an existing 400 - 500 sq.ft conditioned space that is currently not being used for anything.

The short term rental is more aligned with my long term goals, but it is just skipping ahead by a few years and skipping over the 3 long term rentals I had Initially planned for my portfolio.Do I keep the property and maybe drop the rent under market value, while also coming about of pocket until we find new tenants, or sell and use the equity towards short term? 

House hacking is one of the most risk-averse residential investment strategies and will allow you to test the waters and strategically plan from there. 

I'm planning to purchase an investment property and would like to understand the typical down payment requirements.

Having issues finding specific STR laws for the city. 

We can give suggestions here, but you're at the point where it is 1,000% worth it to schedule a planning meeting with a professional.

When you say you have worked with them ever since are you referring to turnkeys in general or Norada specifically? 

I just sold my business and in looking for ways to offset capital gains taxes stumbled across a strategy in which a STR can write off all depreciation in year one via a cost segregation analysis, thereby reducing taxable income greatly for a specific year.

Are you planning to invest locally in Louisiana, or are you looking at other markets too?

I may be interested in JV'ing on a couple deals depending on what your buy box is and depending on if you plan on being the end buyer or simply wholesaling deals.