Where I am in New Jersey, the numbers wouldn't work out at all, but those numbers are good on your sale and rent for the build cost, especially since they should appreciate there in Little Rock steadily.

After years of focusing on my career and building financial stability, I’m ready to dive into real estate investing and start creating passive income and long-term wealth.My short-term goal is to purchase my first duplex or single family rental. 

However, electing partnership or corporate taxation could be seen as a sale, causing unintended tax consequences.

Not every STR has to be a 4 Seasons and even those I've waited on service before and it's not like someone was breathing down their neck waiting to revoke their hotel license when it happened. 

It's awesome that you're leaping into real estate investing after all the knowledge you've gained from Rich Dad and Bigger Pockets.

It has a full studio casita out back that will be an LTR.I plan on buying 3 or 4 investment properties this year after I learn more on the co-living marketing and rent collection side of things.

After having a bit of a tantrum to start the year, where the 10-yr treasury spiked to ~4.8%……bond vigilantes have been feeling better about inflation’s prospects these last few weeks (the breaks above are holidays).

The reason is the rent-to-price ratio is good so you can cash flow, and most of the West side doesn’t have a Point of sale inspection which is really annoying.

But that is calculated after expenses and depreciation is factored in. 

If there is a tenant in the property expect that they will likely leave within 6-12 months after you purchase so you can expect to do a rent turn and budget for that.