The property is in a great location,  close to stores, restaurants, fair grounds, freeway access, and less than a mile from hospital.

In your case, changing the property from a rental to your primary residence constitutes a change in use.The depreciation recapture will be calculated based on the fair market value of the building at the time of conversion, not including the land value.Since you're tearing down the existing structure, the entire amount of depreciation taken over the past two years will likely be recaptured, as the building's value at conversion will effectively be zero.The recaptured amount will be taxed as ordinary income, up to a maximum rate of 25% for residential rental property (Section 1250 property).

I’m a real estate investor and the owner of a fairly large property management firm here in Texas.

I can likely do this loan, but in all fairness, with this type of loan I suspect a community bank is going to beat me out.

I was to start assembling a team together and am looking for any recommendations of contractors that will offer a little bit more hand-holding, as I am still fairly new to this process. 

It has a fairly solid workflow. 

It's much better to be able to do your own screening as oposed to hoping the seller did their homework :-) If the property is clean and the rent is fair, it should rent out quickly.

Thanks for the feedback; some quick stats: 9 doors across 4 states, about 50% LTV ratio with a Net Income of about 17% and cash on cash of about 3%.....in fairness those numbers include some overall business expenses not tied directly to one specific property.

I love my CPA just wondering about what a fair price is for a CPA to do our taxes.

What would a fair cut of the profits be?