This approach will allow you to focus on the financial benefits rather than the day-to-day operational tasks.Additionally, consider how this rental income will contribute to your overall financial picture.

I'm not a professional Tax person.

I’m not a former IRS person.

Did you give her written permission to store personal items outside in a common area?

I am here to create a business strategy that protects personal and business investments and mitigates risk,  procure a coach or mentor, and set up tax strategies to create long-term wealth for myself and my family. 

If you close with a conventional loan, it will need to be in your personal name.

It also gives you multiple work surfaces so you can have more than one person in the kitchen without getting in each others' way.

I personally do not have experience managing rentals.

If an in-person visit is not feasible, we can easily arrange video tours to accommodate your schedule.

With comps ranging from $875K-$1M and your estimated build cost at $550K, the after-completion value gives you a significant equity cushion, making this project highly attractive to lenders.If you plan to hold and rent the property, you could refinance into a DSCR loan after construction, which bases lending on rental income rather than personal income.