Tons of help from highly skilled RE agents! 

Hey Rebecca, I'm a broker and investor up in Sacramento and manage about 100 investment properties (STR and LTR).Many of my clients are high W2 earners seeking "bonus depreciation" to offset tax liability by investing in STR.

Some don't like the idea of a 2nd position lien that is very small and very high on interest rate. 

With comps ranging from $875K-$1M and your estimated build cost at $550K, the after-completion value gives you a significant equity cushion, making this project highly attractive to lenders.If you plan to hold and rent the property, you could refinance into a DSCR loan after construction, which bases lending on rental income rather than personal income.

Quote from @Vikas Jain: Yes, I have already seen the buy-in, im less concerned about that part of it, but just want to make sure its legitimate (plenty of opportunities where buyin is high but it doesn't always mean the product is good, just been burned in the past by others so trying to do better due diligence this time around)Their success rate, as of now, is 100 percent.

Maintenance and admins fees are high.

And I will stay in my condo until I can afford to buy a bigger place.However, with high interest rates, I’m reconsidering.

If you think that the forums and the books have the same information and the same quality, do you read books at all?

Being a real estate professional allows you to treat the income as non-passive, allowing higher high income tax payers to pay less in taxes.

High taxes.