I would consider this even with house-hacking as I would not want the tenant next door having such convenient access for questions, concerns or requesting favors/leniency.

@Robert Biggerstaff seems convenient for me, but I feel like the tenants would push back.

They provide a convenient PM locator tool designed to assist you in locating Property Management professionals within your preferred area.

Are the syndication guideline conveniently posted somewhere?

I am sure there are all kinds of different reasons why but a lot of times it is that they don't want you coming inside the house to make the repairs so they put off reporting it until a convenient time for them.

Aramingo crossings is convenient.  

I think drip tastes a little better, but for STR where convenience is very important, K is much easier to make, you get exactly the right amount, and there's practically no cleanup.

I'm not a gambling man but I would bet dollars to donuts the Service would take the same position.Your client (you) has burden of proof that there's no constructive receipt, or there is constructive receipt but substantial limitation exists. 

I've got one now and I just kicked off the foreclosure - it's a community convenience store with about 95% of the building on the subject lot. 

Unless you find a way to establish (1) as is value (2) cost of construction and (3) after stabilization value you’re just gambling, not investing.