For that same capital, I can buy a run down project and renovate.

Do an actual tax projection first before jumping to conclusions. 

But what kind of project are you looking to complete?

There are short-term rental management companies that can help with that.One that I work with in Michigan covers the entire state and can advise on local short-term rental regulations or regulations that may be on the way, they can give you an analysis of the demand for short-term rentals in that area, nightly rates in that area, monthly occupancy percentage, and projected monthly income.They also let you choose the level of service you would like from them from full service to minimal.To your success!

Great projections!

@Damien Davis you'll make less on the initial projects but the experience you'll gain will be completely worth it.

I don’t know if innovative per se, but I’ve been investing with smaller amounts (5k-25k) into large multi million dollar projects by leveraging the investment club model.

I assume that's because its a relatively cheap project to finish a basement.

Projected sale: 950-990k Replacement property budget: 990k - 1.1M Plan: rent out the replacement home until meeting the requirements, then move into it while renting out a portion of the home via short-term rental 

You can learn just about anything you need to complete a small project off YouTube and with the right tools.