They will be your best bet in Florida. 

If you are, I recommend buying a small multifamily and house hack to reduce your largest living expense while building equity.I recommend talking to a lender (i can connect you with one) about the income fluctuation and see how much you can qualify.Your best bet is to get a owner occupied loan with 30 yr fixed rate.

Thats just not an option.....Care to put some $ on that bet? 

I have a $320k HELOAN at 9.125% that I used to construct an ADU in my backyard.

Construction can have unforseen costs, construction loans for rounds of funding can be more expensive over time, rent markets can drop, vacancies in market can increase.Typically entitlement phase of land most risk, followed by development, followed by vacant building turn around, followed by half vacant building, followed by mainly full building with value add component, followed by brand new building with market or below in place rents and everything new with good location.Along that spectrum of course you go from heavy equity upside potential to mainly just the cash flow return and hopefully price appreciation over time.Investors have to decide on the spectrum of their risk assessment to capital over what period of time how they will allocate between all one type of investment or multiple and what percentages.

Your best bet is to find your local REIA, which you can search for on nationalreia.org. 

Maybe the construction costs would end up being the same no matter how it’s done, but I haven’t done much new construction last few years, I’ve just been buying existing stuff, so I just don’t know. thanks!

I'm going to bet that they either blocked or closed the vents in the  master bedroom and there isn't really a problem.Explain to them that you need to get it looked at and if they are not going to organize it, then you are taking matters into your own hand and doing it. 

I will post the before and after pictures, hopefully it can help anyone starting this journey, we are new investing out of state but NOT new to handlining construction project out of state for clients, looking forward to the challenge!!!!

Your best bet if you want to know that is calling the Section 8 Housing Assistant assigned to your tenant and asking, they may be able to calculate what it would look like.