I noticed there is a NC residential vacant land contract, but I can’t find a blank 2021 copy to download (must be a NC realtor).Do I need to use that NC form?

After doing some research of other STRs in my area I’ve seen the average nightly rate ~$180-$200 for the high season. 

For the Model S and Model X, that’s higher than the average non-crash fire claims of just 0.8 across all luxury, sports cars, and luxury SUVs.”But as mentioned.

What is an average profit spread on a new build?

Historical appreciation for last 20 years in Poway has exceeded $2k/month on average. 

Every time my employees put a $50k to $60k contract on my desk I clam up and shriver because large amounts of money don't impress me and the larger the job the smaller my profit.The average job my company does for homeowners is $5,000 to $12,000 and we do several of those jobs every week.

So, on average, for every 3 properties my agent would walk, I've written solid offers on 2 of them.  

Q1 Answer - If a rental is a trade or business per IRC 162 it qualifies Q2 Answer- STR is passive on E if over 7 day average rental stay and no substantial service STR is non passive on E if less than 7 days average rental stay and no substantial services. 

My reasoning is based on the average cost per unit available and the current market rent rates.

If fully occupied (with an average rental of $350 per unit/mo x 4 Units) we are looking at $1400 a month, cashflow at $517/mo and a 31% CoC ROI.