Escalation clauses are fashionable in HOT markets, seller carry's could be the play in a down turn.

While the cash flow (if any after debt service) is trifling, I know that because this is in a great area (Willow and Ashlan, right next to Fashion Fair and Fresno State), I'm going to have a great tenant pool and feel comfortable visiting my property.In sum, there are properties in Fresno that cash flow in your price range.

But if they respond in an objective fashion, they are more likely to be reasonable tenants.

Start with some plain old fashioned books and read and take notes at the same time.

In a similar fashion, if you can imagine how much landscaping and underground infrastructure is in a golf course as compared to the clubhouse, that will give an indication of why an extremely high percentage of the property's value is allocated to the land improvements.When a property is purchased, a cost segregation study should be performed, wherein the value of the property will be segregated into land (which is not depreciated), buildings (which are depreciated on a 39 or 27.5 year schedule), land improvements (15 year schedule), and other smaller items like personal property.

He has helped quite a few BP members successfully house-hack in the same fashion that you are looking to accomplish. 

How did it compare to just building the old fashioned way as far as price etc? 

Finding out what you need to have in place for both the construction loan and the main mortgage might help you to attract and choose your partners in the deal in a wise fashion.

Yes the home may sell fast even without staging if it's a hot market, but *good* staging (not crap, old fashioned staging or over-staging that hides the house and makes it look cluttered) always increases the market value, so why should we only strive for that in a slow market?

This code is about as restrictive as you can get and still allow STR in some fashion.