Initially, I'm thinking you are correct that increasing the occupancy won't affect the nightly rate that much.

We would like to refinance as soon as possible after the build to recover all or most of our initial investment.

THEN, I plan to purchase the second home using a FHA or conventional loan (3%-5% down), for which I will likely pay the monthly cost out-of-pocket, maybe with some rental income support if it is a duplex.My concern is, I do not want to spend my savings or weigh down my debt-to-income ratio so much so that I cannot qualify for and pay the down payment and closing for the lending on the second home.Questions: - With the first home being multi-family, 75% of the rental income (or potential rental income initially) will relatively either maintain or boost my debt-to-income ratio from lenders' perspectives, right? 

Rent growth has a much larger impact on the cash flow than the initial cash flow.  

Seems to me my options are...SELL - If I were to put it on the market I think I could reasonably get $2.8M - $3M, but at a 2.9M sale price my return on my initial investment is only 38%, or 7.6% a year over the 5 years.

They reversed the transaction initiated by the hacker and I can withdraw the money from my account.

.: Quote from @William Woodring: Update on my postAs pointed out, the initial terms on my contract in Oct 2021 were beyond industry standards.

I own a duplex in Clermont, FL just outside of Orlando and initially wanted to split water meters between the two units, but the cost and amount of work were higher than expected.

I’m reminded of a buddy of mine who moved from Brooklyn to Scottsdale.. he initially thought the desert was just cacti and scorching heat, but soon realized there’s a thriving market here with pockets of real oportuntiy.Working with an investor who’s ready to spec build is a fantastic way to dive in.

Most of my cold call leads convert to contracts within 60 - 120 days after we initially call them.