@Kyle Klinethe best way to build initial capital for RE... is from a W2 job.private money isn't really a beginner strategy... and if it were easy to fix and flip to generate capital, we'd all have side flipping businesses. 

Since commercial property values are based on the amount of income generated, these improvements, along with market appreciation, typically lead to a substantial increase in the overall value of the asset, thus leading to sizeable profits upon the sale.Summing It All UpSimple enough, right?

If STR regulations come to the area, my plan is to do MTR and while it is not as much revenue as STR, I should be able to generate a decent return over a 5 year minimum hold. 

I am generating leads nationwide and live in Texas.

If the Airbnb  is active and subject to generating self-employment tax, then the IRS must also be your partner in the losses as well and it would seem that any net loss would also be reported on Schedule C and shelter other active income.

Create "generational" wealth?

We have a tenant in process- my property manager is telling me that he uses Turbo Tax and the lease he generates only requires his signature and the tenants.

Could be a good solution here - you can refinance into a 30-year loan with the first 10 years IO (essentially IO since you will likely be able to sell or refi within 10 years) and should generate some cash flow/breakeven and less stress on the financing side

I've always used my business solely to generate an income/paycheck, however I'm ready to transition and use my experience to facilitate investment opportunities.

There are also "off market" deals - both those you create yourself through lead generation and from wholesalers.