That said, the seasonality of your locale and population who require 1-3 month housing will determine whether the calendar will fill.  

Determine if you naturally side with thrift, or with free spending.

This will determine how you split it 

For sure — I’m trying to determine if I’m making a bad move tax wise, or if I should somehow leverage the equity locked into the rental, which seems challenging with the low interest rate of the mortgage.

(I have boots on the ground in case needed)Thanks  As others have stated, this can be lender specific.some will also look to your experience as an out of state manager to determine whether or not you can self-manage.cheers! 

I'm working with the City of Kansas City on determining the highest and best use, which will hopefully lead to building 1-3 new multi-family structures (ideally duplex, triplex, or quadplex).

Lower turnover means happier residents, but it can also translate into less operational stress for you.Max Occupancy: The size of the home and local regulations will determine how many residents you can house.

If you do the work yourself, you should only charge for materials.As Kevin points out, you have to determine what is "normal" and what is excessive and chargeable.

Are there any other recommendations you could make as to how I can determine a price or additional amenities to keep me competitive?

Construction documentation, such as construction drawings, specifications, contracts, job reports, change orders, payment requests, and vendor and supplier invoices, are used to determine unit costs.