@Stephanie Menard, a few comments based on my own experience.1.

Additional Info —Key Details:Location: Outside Santa Fe, NMProperty Size: 20 acres (valued at $80,000)Project: Two new STR unitsExisting Experience: Family has two fully-occupied LTRs nearby, generating $2,000/monthConstruction Approach: Self-contracted with licensed trades for electrical/plumbingCost Assumption: $80,000 per unit, plus ~20% for inflation (based on 5–8-year-old build costs)Financing: Using land equity as down payment on construction loan (expecting closing costs to be major expense)Request: Looking for feedback, potential pitfalls, and general guidance

This gives you flexibility and a clearer understanding of how you’ll proceed based on market changes.

Based on what you say, the LLC may be the better option. ...This post does not create a CPA-client relationship.

They are very likely based overseas.

When an individual landlord prices their rental, they do based on what the other ones in the neighborhood have rented for. 

Many would be surprised to learn that about half of all states allow discrimination based on marital status, meaning a landlord can reject applicants that are not related and not legally married.As always, it's important to know the laws of your jurisdiction.

We're based out of Chaska.

I'm fine with doing some minor fixes and improvements to a property: Adding overhead lighting/fans, better flooring, maybe redoing a main bathroom.

Search for Tacoma-based members on BiggerPockets and filter by those with wholesaling experience.