Example: the floor plan that I’m doing on oak island is 3 br 2 bath with unfinished bonus room (at time of listing that’s how it will read) - on pylons cost is about $190-200k for build.

We both are drawn to either single family long term rentals, or STR's in the right locations.Right now we have $20k cash available for immediate investment, with the ability to increase that to $60-70k in the next 3 years through savings and bonuses at our day jobs.

If these properties fall under the first category listed above and the only equity your are building up is principal paydown, you are likely best served exiting, recouping your equity and learn from the experience.

So for example, a 761 credit score will be in the 760-779 credit category, then going down to 740-759 and so on.2.

I would think this is a bonus. 

You can get 1 sign up bonus a month and open 2 for each LLC.

However, with the bonus depreciation (maybe not the correct terminology) it appears to accelerate the depreciation and make the up front savings very significant. 

Starting next year, I’d like to use the property as a primary residence, but I’m trying to take advantage of bonus depreciation running it as STR for remainder of the year and take the paper loss against my spouse’s w2 income.

Once they've proven themselves, consider gradually increasing hours, offering incentives (i.e. bonuses) then lastly, increasing the hourly rate.** These are all rough #'s.

As a bonus, you can use it for your personal record keeping as well.