I am wanting to borrow a substantial amount of money, about 1.5 times my total net worth, from the bank in the next couple of months to purchase some turnkey rentals. 

Every person willing to do the deal as a guarantor has wanted a substantial amount in exchange, more than the deal can afford.  

I'm not sure how my accountant does it; I just do what he tells me.From research and previous discussions, I believe an STR is only treated as a hotel if "substantial services" are provided and in that case it would be reported on Schedule C.

And that can get convoluted.If he has substantial assets, I think it's time for him to talk to an estate planning attorney.

I googled it for you.The IRS says this:Replacement of the furnace in your residential rental property:Is generally a restoration to your building property because it's for the replacement of a major component or substantial structural part of the building's HVAC system.

It would take another global economic crisis to do substantial damage to our local economy.Professional and Business Services18%Trade transportation and utility18%Government16%Leisure and Hospitality12%Health and Education Services11%Construction and Mining6%Financial Activities6%Manufacturing6%Other Services4%Information including media4%Let's look at my proprietary U-Haul index.

You are at 5 years out, so out of luck there.Statute of limitation is 6 years when income/tax is substantially underreported.

If it were me I would have her sign at a location that has audio and video tape of the signing, especially if you areTrying to buy the property at a substantial discount.

This can really influence your cash flow. 

I understand why it's easier and and less risky to dismiss the offering outright but you may be missing out on the potential to make more money on a "start-up" because that's what many of the offerings are where the sponsors aren't co-investing.I have a substantial amount of capital tied up in a number of rentals that my business partner was adamant about not selling.