And yes @Cara Lonsdale she was vetted and is clean.

Note, some things like the car loan are for business, I'm using the car as a rental property (getaround.com, turo.com, etc).

Henry Ford said "you can have any color car as long as it's black".

@Cara NallCP2501s are frequently issued for "matching errors" and don't necessarily indicate an incorrect tax return.Generally the 1099-S amounts for rental properties sold are reported on line one of the 4797.The link you referenced merely contains instructions for TurboTax and doesn't clarify how the sale of rental properties were actually reported on your return.If the sales were reported correctly, a CP2501 notice can be frequently cleared up with just a letter explaining everything.It's not really possible to tell what's going on in your specific situation without seeing the complete notice and a complete copy of your tax return. 

@Cara KennedyThank you so much for taking the time on responding my question !

I agree with @Cara Kennedy that you should start by talking to people who know the area.

@Cara Kennedy There are opportunities, unfortunately land values haven't come down as quickly as new home values have...it looks like land is starting to catch up, which is a good thing! 

@cara kennedy and @paul fournier this is great!

It’s also very unlikely that potential buyers will understand the value and livability that those features bring to the home – the very reasons why you added them in the first place.Pretty pictures aside, would you buy a car, a washing machine, or a TV without knowing any of the details about how they actually function?

I am not saying that residential won't cut it, again your agent will be able to tell you which areas have better rental rates than others.If you manage to convince your spouse to hold on the new construction until later once you have enough cashflow from your assets, you will reach your goals much faster.Now, here are my two cents, I personally do not recommend buying a new construction as you are basically eating the depreciation (just like buying a new car), as soon as you drive off the dealership you will never be able to sell it for the price you pay it unless you bought a McLaren P1 which was a special edition road car, only 375 units were built (plus 10ish development cars) but I regress, also new construction tends to be on the outskirts of the city where appreciation takes longer to build up (if any).