This combination would cover the total cost of the build.

You will qualify based on your rental income covering the first and 2nd mortgage payment. 

Would also cover a portion of any repairs to utility hookups if needed.

You could always have your parents draw up a contract for you to manage the property on an ongoing basis,and you pay them enough to cover their loan.

For example, landlord covers $100/month.

I’m considering using materials such as wood, PVC, conduit, or metal pipes, combined with canvas, tarp, or plastic for the covering.

Then my home owners insurance on that property has liability coverage so I should be able to contact them to cover my LLC?

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Around here I normally calculate about a 30% overhead when evaluating a property, but I’m pretty sure I’m gonna have to bump to 40% to cover the increased insurance cost there.I’ve seen a fair number of SFRs that look like they would provide 8% gross using the only tools I have available over here, which is rentometer and Zillow.

@Holly GrippeHi feel free to shoot me a PM, I gotcha covered ✌🏽