The IRS definition of in service is simply available as an STR before the end of the tax year.irs also requires an average stay of less than 7 days.  

I simply can’t invest for only equity right now, so breakeven cash flow is important. 

I simply asked what questions to ask sellers and one of them commented for me to simply go look in the zoom vault and never offered which ones even.

Many of the landlords have resorted to heavy concessions, yet even that hasn’t solved the problem—tenants simply pack up at the end of their lease and move across the street to the next building offering a better deal.

If the 2nd mortgage was created for only the $10,000 equity it would simply be called a 2nd mortgage.

You can't simply take the 50k and use it for anything.   

Contractors like what is being described are simply not going to pay double or triple because of financing. 

Looking to either partner ($$$) or simply find a trusted, consistent source of contractors in either city that can assist with my fix and hold needs.

You simply avoid those things.

You simply don't know what traps you're walking into in these out of state markets.