If you are in a closed-end fund and relying on "pref", "Class A" or other distribution type you may be in for a rude awakening with some operators (again, the devil is in the details, aka the OM/PPM).

Tools I use for my STR business are Hospitable, Safely, & Touchstay.Important note to consider:If you're the go-getter type with time to spare and want to be hands-on, I'd recommend self managing and capturing as much revenue as you can by implementing tools like PriceLabs, Hospitable, TouchStay, etc to run a more efficient STR!

I can't imagine that whoever built his property would have been able to get a building permit without legal access to the property, as that's one of the first things the AHJ wants to know, so there's got to be some type of easement I would think (or a court would probably grant him one if it came to that).

Here's an updated guide for the items you've listed:Installing a Chimney Flue: The cost for this can vary depending on the type of flue (e.g., stainless steel, clay), the height of the chimney, and whether it's a new installation or a replacement.

Hey Jason, Welcome to the Forum,What type of investment properties are you interested in?

These loans are not typically available in your traditional banks, however their are loan brokers out there who specialize in this type of lending. 

Is there any type of expense associated with that, i.e. does the landlord require the space renter carry a certain type of insurance, are they responsible for anny HOA/maintenance fees, taxes?

Estimated Monthly Rent to be collected is $2,550-$2750/mo giving us positive cash flow of $67-267/mo in year one on Lot 2.What we do on Lot 1 will depend on zoning and the type of property we will be able to construct.

So just take that into consideration.I would also think about what type of tenants do you get for what you want to invest.

Conventional loans jumped to 12 months seasoning which is crazy if you're completing BRRRR type deal.