A lot of times CPAs are so bogged down with compliance work that they can't even think about doing advisory.

Take the time to break down what needs to be repaired and what upgrades you will be doing.

Glad it's working for you I slowed down on RE for about the past year and a half S&P 500 is up 27% YTD, NASDAQ 100 up 32% 

The two existing LTR units (on my family’s property) were built 5–8 years ago at a cost of about $80,000 per unit, so I’m estimating a 20% increase in costs for the new builds.My plan is to use the equity in the land as the down payment for the construction loan, which I expect will make closing costs the primary upfront expense.

@Charlie Hardage, how is paying down the HELOC better than paying down the initial mortgage without the HELOC?

Contractor burnout is another concern.Owners like to think it's so easy to just pick up the phone or send a mass email to get contractors beating down their door to give them a bid and hopefully get the job.Doesn't work that way!

10% down 2nd home loan and savings from the proceeds of already owned STR's.

I sent a friend down there to look at various listings.

I then recoup any losses in the resale and down payment forfeiture.

Let me know if you ever need help with anything down here!