It would be an easy way to get your feet wet in the STR game and most importantly you eliminate the whole 12 month wait plus the additional 6-12 months it will take you to build.

I will eliminate a home in 30 seconds if it doesn't feel like an experience.

If all the utilities are Private, that makes things simple and typically  eliminates the requirement for "profiling" these drawings.- Are any actual roadways needed, or is this all just driveways being added? 

Rather than having different partnerships for each asset, the holding comp will reduce the tax compliance fees by eliminating the need for tax returns for all the underlying entities that are 100% owned by the holding partnership. 

Either one eliminates the Tenant Problem. 

House hacking has allowed us to largely eliminate our biggest expense, build equity, get CA appreciation, and turn our primary residence into an asset vs a liability.

The house is located in both a historic district (Mills Act) as well as an opportunity zone allowing for large property tax rebates and the elimination of capital gains tax when we sell.

The house is located in both a historic district (Mills Act) as well as an opportunity zone allowing for large property tax rebates and the elimination of capital gains tax when we sell.

So if you want to eliminate the risk you need to increase the cost and pay a contractor that can run the business.

Essentially, eliminate the long term financing piece and just do HELOC...at least for a little while.