I focus almost 100% on my pad ready land cost to come up with profitable deals. 20% of gross development value is the most I will pay for land.

Sellers can avoid paying transfer taxes to the county, while buyers are spared from facing significant property tax increases.However, it's important to note that lenders typically only approve these loans for properties with five or more units.

As long  the tenants pay the rent each month, increasing their rent will be very tough and getting them to leave will be extremely tough. 

Thanks, it all sounds good as long as I can avoid paying hefty taxes and generate cash flow.

Every where you turn there are STRs going up on the market fully furnished because they couldn't pay the mortgage and bills with the rental income. 

Quote from @Leeling Chew: It doesn't matter who pays the bills.

Kody, you need to investigate the Pace Subto group and pay to get in. 

So that with paying my investor 6.3%, they will get a passive income of $2,532 every month ($30,384 every year).

With the exception of building a trailer on the property (these are hard to finance), this sounds like a good plan AND if you are using it for your business AND your business pays more than 50% of the rent (if you have more than 1 tenant), then this is a more financeable property in the eyes of banks and credit unions as it would be consider a commercial "owner-occupied" property. 

In the end we had to pay to turn the space back in to a white box/shell and closed with basically zero physical assets.