From a financial perspective, the numbers look attractive—many of these properties show a Cap Rate of 6%–8% or more, which is quite decent.For example, if a Dollar Store property is listed at $1.2 million with an average Net Operating Income (NOI) of $90,000 per year, financing 50% with a 6.5% APR, loan would still result in positive cash flow from day one.

Cut his example STR income by 10-20%.

I assume they would still want to see a cash reserve, or see some kind of skin in the game on our end?

Doesn’t the IRS want too see profits in 3 of the past 5 years to be considered a business?

That's a great example with regard to the mineral build-up.

If an LLC is owned by two partners, for example a family member and myself, and the LLC takes on a DSCR loan with no personal guarantee from the partner in Chapter 13, has court approval typically been required in your experience?

Quote from @Jeff Roth: Hi Sendil from Gainesville, Fl-You are looking for someone to help you with a cost segregation study to save on your taxes.I have many physician clients buying short term rentals and using this strategy for example and I recommend they use Maven Cost Segregation Tax Advisors.They are active on Bigger Pockets.

They may call to see the property and not already have a buyer's agent OR you can do an open house to bring in buyers and find some that way.

If there are any opportunities that arise, I would love to connect and discuss some details and see about partnering up seeing as I am new to the market and investing as a whole. 

For example, mountain markets usually have lower land value, but beachfront is usually higher.