I would tend to agree with the other CPAs typically.The 500-hour test is one of seven material participation tests used by the IRS to determine if a taxpayer is actively involved in a trade, business, or rental activity. 

We are both 28 years old with zero experience prior to getting involved, she works for the business now and I work Blue Collar in the trades. 

Please correct me if I'm wrong, but wouldn't a single-family home be a better option near Disney World, especially one with a pool, if it's affordable?

There are more options for renters so it's putting pressure on rents btwn 10%- 20%.

A couple great co-living options is STR by the room, Student housing, sober living, Senior care... 

Hypothetically, if I found a property with strong rental demand, the income could cover loan payments, operating expenses, and generate a modest positive cash flow.While this example involves upfront risks, the idea would be to leverage my father’s expertise as a contractor to minimize renovation costs, boost the property’s value, and create a long-term asset that appreciates over time.

One thing to consider on the credit card option is that a lot of contractors don’t accept them so that could be an issue.

There are some home loan options that require as little as 3.5% or even 0% down.

Continually communicate clearly with all parties involved to make sure that expectations are as close to realistic timelines as possible.

@James Tobin  yes FHA will be a very low downpayment option for you.