I'm a CPA but this does not constitute tax advice.Safe Harbor Proposed Revenue ProcedureFinal Sec 199A RegsIRS Circular 230 Disclosure: This note and any attachments are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties.

They do so despite fully knowing that the Zoning Board hates whatever they are proposing.

-You generally need plans showing proposed use.  

The best way to see the pricing is to propose the plan to a couple of local contractors. 

Plus you can get on your tablet, another pc or cell phone and get your 10 free again.That being said, if you are going to make a proposal to someone that involves rents I like to bring out rent-o-meter as a strong reference.

I think that the structure you proposed is great too but as a beginner it can be very hard to get people to partner with you.

Make sure that your proposed possible structure doesn't affect that... a lot of times there are exceptions to manage property that you own, but if the management entity that you set up is not an owner of the underlying property, you may have an issue there.

We wanted something we could drive to in a day (live in North Dallas) and enjoy 1 or 2 times a year as a family while walkingthrough, touching up, etc.We WERE looking in CO to do the same self-managing STR gig (love the mountains as much as the beach) but the price points are too high, STR restrictions too stringent and taxes too high (Republicans proposing 40% commercial tax??? 

@Curt Bixel  What you propose would get your IRA fried in the event of an audit. 

There are just a few caveats for your proposal:1.