It sounds like you’ve got a solid foundation with your rental property, and I love the ambition behind your plans to build a property management and maintenance company—it’s a great way to take control of your investments while creating additional opportunities.Best of luck to you! 

Navigating property management in the U.S. has been a bit of a learning curve as I am looking to build a good team.

we underwrite 10% land cost to finished build value.

Even comparing Provo to NC in terms of flight duration and cost even though both have direct flights would be a huge factor for me.

Of course you have to factor in realtor and closing costs on top.

Cash flow approximately 350 a month.Option 2: Use the cash to buy land to build a 6 bed 4 bath duplex, all in cost approximately 300k/330k. 

Since the payment was deposited into your account on 1/6/2025, it would typically be considered income for 2025, even though the tenant paid it on 12/31/2024.However, if you use cash-basis accounting (which most landlords do), the key factor is when you physically receive the money, not when it was sent or owed.

Depending how much of the neighborhood is a hot zone for renting rather buying, and which Property type is performing better than the other (meaning 1bd 1ba 2 floor renting out faster and much more consistently than a 2bd 1ba 1 floor), you can make your choice of those factors as well as other ones that impact your decision for what you wanna do with your investment.

Have the co-op take out a loan for 60% of building value, then charge buyers 20% of value in cash for each unit. 

Seems doable, depending on a few factors will determine what the right product is for you.