Logically we keep telling ourselves, we have the experience to easily make the transition but mentally there's a big difference when dealing with 100's of thousands of dollars on a single fam / duplex and millions of dollars on a 20+ unit property.

Quote from @Caliana Johnstone: Realized leasing to a new tenant can take 5-10 hours easily.

Yes - you should be able to find some good DSCR Loan Options with 20% down easily - 15% down potentially available but the rates/requirements are pretty high on that front right now

so closing costs by themselves could easily be $12-15K. 

Education via trail & error is easily the #1 worst way to go about anything today UNLESS your an explorer, inventor, revolutionizing and still all of those have a whole lot of training and education backing them. 

Structuring your lease in this way would benefit you by 1) locking in a longer term contract to avoid turnover costs and vacancy loss; 2) it moves your lease end date out of the winter season and into spring/summer of 2026 so it can be more easily marketed and re-rented to match the seasonal demand cycle; and 3) it avoids any upset/angry tenants who may have been incorrectly assuming their rent was going to stay in the $1,200 range after their first 6-month lease term.Would love to hear any updates you have on how this one shakes out for you though!

.-  This is a product which is easily raised, harvested and milled in Belize. 

With broad, high-level criteria, you may be able to easily cross of a number of neighborhoods where the numbers simply do not make sense (assuming you already have your buy box nailed down).

You could easily get 75-80% LTC on the cabin build meaning you'd need about $200,000-$250,000 CASH, to complete the project.Take 200k out of the FL house, build, rent, refi & payoff the FL property again would be my best bet about going about it.

I could very easily rent the property again but my plan was to sell it and use that cash for the next investment.