Normally you will want to also add in your site development costs to this loan So you can create your parcels and then sell them off.So you want to make sure you have Lot releases in your ( this is GA ) your deed to secure debt .

There are plenty of programs out there that will allow you to create a state-specific lease with all of the required language for your state and will also let you modify it to add your own special terms, like your parking requirements, quiet hours, how trash and utilities will be handled, etc.

It's a question of creating a funnel that shoots opportunity at you. 

Typically, it's applicable to certain types of property, and the rules can change.Regarding short-term rentals and bonus depreciation, the Tax Cuts and Jobs Act (TCJA) introduced favorable changes for businesses, including bonus depreciation for certain qualified property, but the specifics can depend on your situation.Using your property for short-term rentals may affect your ability to qualify for certain tax benefits, and the classification of your property (personal residence, rental property, business property, etc.) can impact the tax treatment.The IRS has guidelines regarding the depreciation of rental property, and bonus depreciation may not always be applicable to residential rental property.Additionally, if you decide to switch the use of your property (from short-term rental to long-term or mid-term rental), there could be implications for tax treatment.Given the complexity of tax laws and the potential impact on your specific situation, it is strongly recommended that you seek advice from a qualified tax professional.

I think the 5% down option really creates some unique opportunities for smaller investors like myself.

It's not the best but it is a lot better than most of the Free Real Estate softwares I have seen, but this is because I make sure the software allows me to create Journal Entries, in case adjustments need to be made.

Despite Bozeman's reputation as a relatively expensive market, it aligns seamlessly with the golden rule of real estate – positioning oneself in the path of progress.

Especially in Partnership land - the complexities of amending a partnership return are not cheap, and if you have 20 partners that now need to all amend their returns to get their 100% bonus depreciation later, that is a lot of compliance fees just for not wanting to extend.If you just file as is with the 80% rules, you can always amend later if/when it gets bumped to 100%, so that isn't a significant problem, just an extra step.What I would not recommend doing is filing as 80%, and then not bothering to fix it if it goes to 100%. 

Should I just create the llc in the state I am investing in?

It's such a vast majority of start-up business's that DON'T clear a profit for the first several years, that's it's very literally a rule of thumb to consider and account for the start-up YEARS not month's of operating at net-loss.