Would like opinions on things to consider that I may not be thinking about as a rookie on conventional or DSCR loan assuming it appraises for the calculated ARV during analysis vs finding other ways to flip now.

The most profitable area of real estate in my opinion is new construction... that way you can literally build sweat equity... at least that is what I am focusing on!

I would only suggest a property management company set up if you are not working for an employer and are interested in retirement account contributions + deducting health insurance costs.If you are already working for an employer who is providing a retirment account plan + subsidizing health insurance costs, in my opinion, no point in setting it up.

But like I said, those lots are priced out of the market in my opinion.   

Obviously, everyone has a different opinion on why that might be but that's a whole different discussion in itself.

It would most likely in my opinion be a owner financed deal.

(They better, in my opinion).

In my opinion, both needed similar amounts of work to get the vacation rental ready, his just showed better and had some cute updates.  

A second opinion from a real estate-savvy CPA before tax season can help ensure all deductions are claimed while staying compliant.Good luck!

Just wanted thoughts and opinions on this property & deal.