Sometimes that will make a difference and sometimes not.Hope all of that makes sense but feel free to ask anything additional. 

 $300k/1945 is 154 months (12.85 years) to have the cash flow recover the additional down payment.  

For decades the primary services (operations, marketing, customer service, etc) have been primarily focused on, or positioned towards, owners.

Greetings Team, This is my first day on BP pro, looking for some meetups in Dallas TX, also looking for my first deal, either positive cash flow rental property or BRRR, any advise appreciate your help

Sounds like you're in a great financial position, especially if you're remote.

Estimated Monthly Rent to be collected is $2,550-$2750/mo giving us positive cash flow of $67-267/mo in year one on Lot 2.What we do on Lot 1 will depend on zoning and the type of property we will be able to construct.

If you follow the Planning department's guidelines you should be ok.Here's a great reference from the Chicago Bungalow Association https://www.chicagobungalow.org/addition-ahttps://www.chicagobungalow.org/design-guidelinesGood luck with your project.

However, I usually keep depreciation off the balance sheet until I can see the tax return and I go back and add it for the previous year.

I've also got some additional inventory I can get access to if you need something other than these. 

Owner occupied.I’m active duty Air Force so I used my VA loan to purchase additional properties as I moved.