Consider contacting a local real estate mentor or joining a real estate investing organization for assistance.Good luck!

Does anyone have recommendations for an STR on-call service (not full property management), which will handle basic guest communication during their stay and handle organizing repairs (i.e. calling a plumber, HVAC, etc. ... not actually doing repairs themselves)?

Pay close attention to the capital stack, how much debt there is, how much preferred equity there is, how much the GP is co-investing, how much they project rents to rise organically every year, what exit cap rate they're assuming, how much cash reserves the property/investment will have, how much does the deal returns change when you add 50-200 bps to the cap rate, what is your breakeven occupancy and exit cap rate, and a bunch more. 

I do know an independent landlord in our area that has one duplex and a fair housing organization filed a suit against him two years ago and he has had to defend it.  

Almost year-round, visitors come for sports tourneys, outdoor activities, Tuacahn, etc.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

There was an article published in the WSJ on January 25th 2001, yes a long time ago, and this was the first paragraph "NEW YORK -- Realtors, already battling Internet companies that have entered the home-selling business, are now organizing to fight a joint proposal of the Federal Reserve and U.S.

I am especially interested in knowing how much capital it takes to get entitlements organized, etc.

You've put great details into it and structured it in such an organized way that even a newbie can understand the real estate process from the beginning of the acquisition process to the end of the disposition process. 

We are a huge sports town and host tons of sporting events - Indy 500, all our professional teams, NCAA, Big Ten tournaments, etc.