Things are kind of left in the air until I circle back.

Have an attorney that specializes in Real Estate create a contract.  10-20% down & 10% interest seems to be regularly used terms. 

Yes, you can cost-seg only the STR portion, but you’re not limited to only that.You’re allowed to run a cost segregation study on the entire property even if only part of it is used as a short-term rental.The key is allocation.A cost seg breaks out the components of the whole building.You then allocate depreciation between:The STR portion (non-passive if you materially participate)The LTR portion (passive unless you qualify as REPS)So you’re not restricted from studying the whole asset.You’re just restricted in what losses you can use depending on participation.2.

The firm I work for does this to an extent for our engineering projects, but we also regularly work with other consultants that only do this when the client brings them on board.

I’m also interested in joining any investor groups or meetups that meet regularly in the Tucson area. 

What is common: buying a percentage of the whole parkThis is done all the time.Example:If the park is worth $5M and you buy 20 percent, you now own 20 percent of the entire business and all 100 pads, not specific pads.This is done through:A membership interest purchase (LLC)Partnership agreementOperating agreementYou become a co-owner, not the owner of specific lots.3.

Fire ratings, STC ratings, sprinkler systems, air barrier testing, and costlier mechanical systems—much of it driven by regulatory changes—are all at all-time highs.

It can also be a combination of factors, like issue always being there, but not as noticeable with colder AC air.

If so - could do 10 5-6 hour days each - we would try to get at least 1-2 stays completed at 1-2 nights each with air bnb bookings- if the seller is OK closing on the 19th but wants to stay a bit longer - could we do a 7 night stay for them after closing if they book direct with us? 

You’ve only got about $1,583/mo in principal and interest, so the building makes sense during the rehab/lease-up phase.But once you refinance, your new P&I shoots up to a little over $5,000/mo, and that’s basically the whole issue.