With $50K and a DSCR loan, your budget will likely cap at properties in the $150K-$170K range, depending on the closing costs and any repairs needed.

In my experience, 75% of the time, the tax payer doesn't have a large enough liability to justify the accelerated depreciation anyhow- depending on your income and tax bill, it might not matter at all.

It will be highly dependent on the district and licensing.

@Jason Sinclair, having a designer for a wife, I would answer that it really depends heavily on each house, the flow and usability of the spaces as they are, and the overall use of space in the house as a whole.That being said, while there may be a small shift towards more separated spaces, "open concept" is by no means dead, and in many markets, most people seem to still want to have connectivity between their communal spaces.In fact, my wife's current flip is a split level (although technically it is a split-foyer), and she is taking out a structural wall to connect the kitchen, dining and living areas.  

As a long-term hold investor, I see this property as -$600/mo to -$800/mo depending on whether you use a PM or not.

It really depends on whether you prefer the hustle of managing STRs or the steadier income from LTRs.My TakeIf you’re drawn to the energy of the STR market and love the idea of working where people vacation, Florida might be the way to go.

It just depends.

You can also enter that sales funnel earlier on and build with a build to rent developer directly. two strategies, depends on risk profile. happy to help at anytime. we partner with rent to retirement to sell our new builds to investors

Depends on the buyer.  

What to do with the equity in this property will depend on what your personal finance plan says about your asset allocation.