Hey Errol, Im open to getting on the phone with you to give you some perspective of this type of construction and what you should expect if you decide to move forward.

From an owner perspective, that does not want to deal with an STR it may be good.

A rental property analysis can give you a different perspective. 

We represent several developers in Cedar Park, they all developed for owner user + rentals, but I'd say the main thing from a legal perspective is ensuring good GC and sub agreements.

(If you did this, obviously, you would have to cover those needs, when they arise with money from other sources.)I imagine my beginner perspective is probably inaccurate in several ways.

Just from the cash flow perspective, it is making sense, but I wanted to know how your experience has been?

Or, from a business perspective, much better to use that time and energy to create a STR management business instead of arbitraging.  

We are in the middle of major infrastructure and RE growth (res and comm) and need to know how best to handle the property we are on from both a short time and potential long term investment perspective.

Bi-weekly system is changing ones financial perspective, mindset and reality.

I respect your many years of experience Jay but want to bring some perspective from the other side of the table.In a corporate office which is running 10, 20 or even 50 projects at once (depending on the firm size), what is the benefit for the Architect to drop their other projects to jump on yours quicker?