I will be the property manager and my priority is high monthly cash flow. 

ThomasDefinitely some good food for thought, thank you! 

Good STR neighborhood, good lot, high ceilings, newer build.

I highly recommend checking out niche.com when researching the best brrr areas.

If your already in a high tax bracket, then the commission will be taxed at that rate which may be more than the capital gains.

To be honest, 5.3m of debt on $9 m of development risk seems too high.

Off the bat that sounds like a red flag to me (in other words, it seems like they could be offloading the lots because it just doesn't make sense to build there right now, due to a stagnant market or high construction costs, who knows).

To help you in your search: be sure to find an accountant that is willing to grow with you, and is not too high priced fee wise.

One note - you put "Home" loan in the title - to clarify, DSCR Loans are 100% no ifs ands or buts rental properties only - so no owner-occupied at all, not even if its multi units and some of the units are rented.DSCR Loans: What Are They And How To Get The Best Termshttps://www.biggerpockets.com/...DSCR Loans: How To Use Pro Strategies To Save More And Make Morehttps://www.biggerpockets.com/...Multifamily DSCR Loans: A New High-Impact Loan Option For Real Estate Investors?

If you haven't connected with an investor and real estate professional in the Tampa Bay area yet, I highly recommend reaching out to @Josh Green.