I personally own 2 rentals in Indiana.

Maybe start with small meetups or forums in your area (or Gulf Shores) to learn from others' experiences.

You'll learn a lesson or two and it helps you come up with specific questions.  

highlight_post=6192149&page=4&utm_source=Iterable&utm_medium=email&utm_campaign=Transactional:%20topic_notification_V2&utm_channel=28426&utm_content=Marketinghttps://www.biggerpockets.com/forums/67/topics/952977-turnkey-in-indianapolis-through-rtr-case-studyhttps://www.biggerpockets.com/forums/12/topics/997350-lessons-learned-from-buying-my-first-rental-property?

I think if you leverage 70% of it you’re going to seriously cut into your cash flow and personally if I was going to have $7M in debt I’d prefer it to be spread over several projects built slowly.

That's the other challenge that i've learned, with only one month as SD, if the tenant leaves even in a relatively new build the fees add up. 

I appreciate your energy and readiness to learn.

Even at $2200 I don't expect to get a positive cash flow for the first year, but that's okay as long as I rent it out and learn from my mistakes for my next investments.

I am new in this game and here to learn everything.

Read my book, Brandon's book, or Every Landlord's Legal Guide by NOLO and learn how to proactively manage your property well.