That gives you options to expand, hold, or sell land if the income isn't there. 

I also have two buy-and-hold rental properties and am passionate about exploring unique financing opportunities.Recently, I used a VA loan assumption to purchase an investment property at a 3.3% interest rate, which was instantly cash flow positive. 

Investment Info:Single-family residence buy & hold investment.

Alimentation Couche-Tard, the parent company of Circle K, has made an unsolicited offer to acquire Seven & I Holdings, the owner of 7-Eleven.

If you feel these small issues are a lot to handle, you may want to reconsider whether you want to hold onto this property as an out of state landlord or at least consider hiring a real professional property manager to deal with all of this for you.

Some months I’ve unfortunately had to pay like $150 out of pocket but I’m Planning on holding long term wise and the let the rental bare fruit later in my life because I’m only 22 and just wanted a base hit or a rental in a great neighborhood.

I would recommend working with lenders that hold an NMLS or RE broker's license.

If you don't have anyone that has booked a week or so before, you can move it to 1-night min on weekends but I would hold strong personally.

As you indicated, make sure you leave something in the plan for contingencies (absolute minimum of 10%), and keep in mind the cost to hold during the time it's under construction and being marketed.Make a plan, check it twice, and decide if it's worth the effort. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.