If you have any specific questions on the market feel free to ask and I'll do my best to answer or point you in the right direction.  

I just put in a calculation for vacancy that I save up a percentage of the rent in money to have to apply towards expenses if I do have a vacancy.

If you don't intend to operate an actual real estate sales business even if super part time then you're better off looking at a Self Directed IRA. 

ADA deals with pubic life and ADA applies to public areas or commercial spaces.

As far as selling the property to get out from under the deal, if that were the direction you were to pursue, you need to take a close look at your closing costs and determine what the best way forward would be.

., We as tax pro's are not allowed to promote ourselves directly due to BP's rules.

Personally, as a matter of practicality, since they are allowable expenses I THINK the only issue the irs could take is just that its reported wrong, and you'd just apply it the way they want.

Any thoughts if am going in proper direction ? 

You do get tax benefits for rental properties (in general) but I would need to know more about your situation to know which ones applied where for you. 

They are contractors so they can probably complete a 3rd party rehab as well and are knowledgable about the market.Message me direct with your email/cell and will connect you.