I have done all of this and were I to do it again, I would begin with the practical basics - read the law (NRS 86), find a registered agent who is knowledgeable in and friendly to REI, a lawyer also experienced it and friendly to REI, and financial - tax professional(s) (at the least an enrolled agent and a CPA) who are also very familiar with and friendly to real estate investing to see what services they might best be able to provide you.  

The fines can be quite steep and the city really is going after people that are renting out SFRs as absentee vacation rental landlords.I'm not as familiar with Bend but I think that they passed a vacation rental ordinance that only allows one per block.

I'm looking for some contacts to start building up my core team - realtor familiar with rental property, contractor, property manager, etc.

I am familiar enough with the Vue and Cornerstone to know some students who live at those locations since I am a recent graduate of LU.When my current roommate and I were looking for a place to live we looked on Fort Ave and the surrounding area, but most of the places we looked were a little too far down the road and getting into more questionable parts of town. 

Lenders are ok with this and familiar with the process.

The real estate game has always been a struggle between tax savings and financing qualifications.I've used about 15 different hard money lenders and also work as a hard money broker, so I'm pretty familiar with them. 

I'm considering some rental purchases in this neighborhood and welcome anyone's knowledge of that neighborhood in Ft. Worth, Tx

Is anyone familiar with details about these programs and what options might be available to explore?

Here is some good reading material for you regarding "disqualified parties".https://www.irs.gov/irm/part7/irm_07-027-020.htmlYou will also need to become very familiar with "prohibited transactions" as well:https://www.irs.gov/irm/part4/irm_04-072-011.html

I would recommend also joining a meet up or investment club but I am not familiar with one in Arbuckle .