Property taxes will likely be reassessed based on the transfer value, so confirm local rules to anticipate potential increases.If you hold the property for at least one year, you can use the equity as collateral for a construction loan, aligning with your long-term financing plans.

Also, make sure to connect with local contractors to get estimates on your prospect properties.

Establishing a good local team will be crucial for you. 

Be very careful who you take advice from online, you should get involved with a local attorney and a local realtor.

I have made some local connections for contractors to do something solo when my current projects wrap up. 

Let me know if you'd like to set up a meeting since we are local.

As a Florida Real Estate Attorney and Investor, I have seen investors do their best networking with local groups.

Attend your local REI meet-ups and try to find someone who is currently house-hacking or has house-hacked in the past to learn from their experience.

We've invested around $50,000 in improvements (central air and hardscaping) and our mortgage is a 30-year fixed at 2.5%, with a PITI of $2400.We think it could rent for $3,750 - $4,000 per month based on local comps.

Networking with Canadians who’ve invested in the U.S. and finding good local agents or property managers will also help a lot.