High rents aren't worth holding out for.

If the land is worth $200k, then you could pay the other $30k out of pocket and finance just the land. 

From the TREC website:Form Name:One to Four Family Residential Contract (Resale) (Form ID: 20-14)Effective Date:02/12/2018Description:  This is the most frequently used contract form. 

It took a lot of research and contemplation before I was able to convince myself that paying a 30-40% premium for a condo in a complex with vacation rental capabilities was worth the investment.

Property is worth around 1.2 to rebuild. 

Granted that is higher than other cheaper ones out there, but I feel it is worth it.

Welcome as well and I agree with @Nathan Gesner that you want to be real clear on why you are getting your license and whether it's worth it.

I have a saying, maybe I stole it from some other smart sage, can't remember, but: "An ounce of action is worth a pound of theory".

Is it worth keeping then?

It will take extra work at first, but the payoff can be well worth it if you’re up for the challenge.I won't sugarcoat it—BRRRR isn't easy, especially when you're juggling everything else in life.