My idea is to build a mini village with modern cabins, but I'm unsure about its demand, worthiness as an investment, and associated risks.Here are some specifics:Investment Capital: I have $500K of my own and access to an additional $1 million from investors.Location: New Jersey, where I currently reside.Investment Goals: My primary goal is to generate cash flow through short term rental.Project Idea: I'm considering building a mini village with modern cabins.I would greatly appreciate insights from experienced professionals in the community on the following:Demand: Do you think a mini village with modern cabins would be in demand in the New Jersey area?

I heard that I can avoid paying capital gains on them if my husband and I make less than $94,000 combined. 

The closest properties that match the luxury aspect are about an hour north, featuring modern high-end luxury, whereas our property offers a 'commercial' luxury due to its size, amenities, and prime location.Interestingly, during our property appraisal, the uniqueness of our home led the bank to require two separate appraisals.

The IRS is still around, like it or not, and they are hiring and training a new army of auditors as we speak.All of these factors combined add up to the same message I posted earlier: in order to fund your 401k with $20k, your business need to make significantly more than that number.

This can include the time spent acquiring or improving rental properties, managing rental property portfolios, and advertising for tenants.Just keep in mind that you can’t combine time spent by both spouses to meet the 750-hour test. 3.

I think willing to pay for more modern updates/construction so that out of state maintenance is minimal.

Or maybe you want to do a combination of the above?

Back in our species earlier days, they were necessary for instant energy, but they are not needed as much in our modern world....yet we consume them in excess (well, most people do anyway)That old saying comes to mind - 'moderation in all things'.....and it applies particularly well to exercise and diet...

Or maybe you want to do a combination of the above?

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.