@Andrew SteffensWith the new normal when it comes to US interest rates, it might be more profitable to buy a property by paying cash (you're unlikely to get a mortgage in that specific country than buying something in the US with a 7% mortgage.

This home had a HUGE delay that cost us thousands of dollars.The group that put in the underground plumbing dug the plumbing too low, and by the time we caught the mistake, the slab had already been poured and the septic tanks installed.We had to dig up the septic tanks, install a lift station, and reinstall the septic tanks.This all happened during 2 hurricanes, which caused even more delays.Time kills deals.This is why you need to 1) be conservative with your timelines and costs, 2) add contingencies to your budgets, and 3) have a healthy profit margin.

Would you be better off selling it for a profit and investing that money into a rental that's ready to go?

My husband and I are high wage earners, so from what I understand, you can’t claim depreciation against your W2 income after a certain income level, but can you still claim depreciation on income made from profits on a rental after you’ve surpassed the income limit or is that still phased out?

Should you set aside additional money aside from capital gains to pay for the income tax increase if you make a profit on a property? 

First my products do not cost $7K.Second:You are willing to spend $300K+ on a crappy house hoping to fix it up by spending an other $200K on it hoping to make a $60K profit after 6 months to a year,  But the thought of spending $7K to make continuous $100K+ profits with far lower risk, with all the proof shown, evergreen forever getting you these deals for free makes you cower in fear.Silly don't you think?

Break-Even Point and Profit TimelineAfter Incentives: With incentives, your net cost could be reduced to around $10,000-$15,000.Break-Even Estimate: If you save $1,000–$1,200 per year, it would take approximately 8-12 years to reach the break-even point.Profit Point: Once you pass the break-even, you’ll start generating a net profit in the form of ongoing energy savings.

I know some landlords who accept rental arbitrage and have properties with good profits; I can connect you with them if you're interested.

Don't be cheap - I personally went into the real investing space with a scarcity mindset and trying to maximize profit at all costs. 

If we were to move forward with the purchase of the second single family I do think we would be able to Brrrr this property into another STR, again if that is not successful we could always sell and make a profit (purchase + rehab should be about 75% of appraised value if goes as planned).