@Johnny McKeonI'm not a CPA but my experience says, yes, you probably can.To avoid confusion it is helpful to separate out the concepts.REPS - Roughly, the requirements are minimum 750 hours active in real estate and those hours must exceed any hours in a non-real estate job.  

Hope that helps.

They will have friends who can come in and help as side jobs. 

A CPA familiar with local STR regulations can definitely help make sure you’re set up correctly!

I'm a General Contractor and may be able to help.

I'd recommend looking at costs. your build cost is going to be well over other homes because of the fixed costs like slab, Hvac, roof, etc. check the market drivers and weight the benefits of short term versus long term. long term is no furniture and help pays mortgage but at this size it doesn't really cover everything. we didn't find a lot of economies of scale in single family detached. can you build more than one unit?

As important a consideration is how will you reinvest/spend the proceeds from the sale to build wealth.Hope this helps.

Here to help with nay questions you have on starting out. 

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