And that's per seller(s) directive so again, your argument is non-existent, it's seller(s) directive. 

Lots of moving parts...and it's wonderful to be able to start with a blank canvas and design exactly what you want to build (as opposed to retrofitting based on the restrictions of an existing older structure).  

@Yashar Fred I have had several Section 8 tenants in my San Antonio rentals (SAHA, HABC) and my experience is that while bad tenants exist, being Section 8 does not make them inherently bad.  

stimating operating costs for a short-term rental (STR) in a new construction can be challenging but here are some general rules of thumb and methods to help you get a ballpark figure:Research Similar Properties: Look at existing STRs in the area you're considering.

Huge lot and 2-car garage.I raised the rents right after closing, keeping one existing tenant. 1-1 $1850 (partially finished basement with bath).3-1 $1450 (existing tenant)1-1 $1000For a total rent roll of $4300. 

I understand the capital region, the Adirondack region, and Western New York (Rochester and Buffalo) have their strengths and weaknesses, but I'm going to focus on this central part of the state.Binghamton is my favorite investment market for a few reasons, but it's not for everyone.STRENGTHS-  low prices-  blue collar overall, meaning lots of resources for contractors-  growing university, consistently growing rents-  I expect to see an actual 10% cap rate here, higher if the property needs work-  compared to downstate, permitting, evictions, etc. are simple and quick-  no code compliance inspections required on existing multifamiliesWEAKNESSES-  no. natural. appreciation.

@Brad Tracy The most recent estimate I got to renovate an existing space to a studio apartment was $120K.

On my existing units most prefer to pay cash.

We have done land contracts in the past, but never assumed an existing land contract. 

Look at the existing inventory in you're area, find an investor agent who has experience with house hacking, pick the best option currently on the market that fits your budget and make the offer.