There are hundreds of hard money lenders out there, ultimately I'd work with someone who has time to focus on ensuring you get a tailored mortgage instead of a cookie cutter solution.

It seems a stretch to pay for the Rig with Section 179.I would have development equipment onboard and dedicate a portion of the space to developmentI could put the companies logo on the side as advertisementGiven this, what tax strategies are actually practical?

Some pros:- You'll have plenty of cookie-cutter comps so you should be able to get a very accurate estimate of ARV and/or sale price in the case of a flip.- Your maintenance and repairs will be mostly limited to the interior of the property as the condo management will maintain the building- You won't have to worry about tenants maintaining the grounds around the buildingCons:- Condo fees may change drastically over time and it's largely not in your control- Condo bylaws can be tough to work around.

Seems like you may need to upgrade the rigs or something kind of fun. 

If they're not crazy big, meaning they haven't busted the pipe completely and are huge, you can run a jet with a cutter through the line and clear them out.

Think fix-and-flip properties or land development projects—things that don’t fit the cookie-cutter mold banks prefer.

An agent becomes more useful the less cookie-cutter a deal is.

Go for the independent PMs, not just a real estate agent offering property management on the side or one of those cookie-cutter franchises (PMI / RPM). 

update the seller has taken a week+ to review our loan sale agreement (which is very cookie cutter).... finally closed on this one... will keep people updated

Your tenants who faced with an already tight household budget may decide to rig the issue instead of fixing it properly.