Does the operational company already exist and have income history?

Or STR the highest season for the most income and then MTR the slow months. 2.

I am 20 years old and trying to learn as much as i can about real estate so that when i graduate college and have a steady income Ill be able to make smart investments hopefully leading to financial freedom.

Rehab Loans do not generally care about your DTI or your income.

There are a bunch of ways to do this depending on the property type, usage, and you (income and credit scores).If this is a primary residence, you can get up to 90% of the value of your home minus any exisitng debt. 

It has limited new construction, low property taxes, and no state income tax.

I am wanting to build passive income How did you finance this deal?

Get a stable income, job and start with going the simple route.

I'm working with a company who owns a small, 19 unit, senior and low income apartment building.

Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.