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

Any tools, APIs, or approaches you’d recommend?

also how would I approach working with an investor?

Our negotiation approach focused on building rapport with the seller, allowing us to secure the property below market value.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

It’s great to see how creative approaches to house hacking are working well for you.

This approach might speed up access to funds without waiting for June.

My question is, what's the best approach on getting this going.

With this approach you are able to cashflow as soon as the property is full.Best of luck.

I think the safest approach would be offering the package at a certain price and excluding the alcohol.