Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.

Also, without even looking at the plans a 7 unit building will likely have flawed floor plans and/ or an inefficient layout unless its an irregular site.

Since you’re building from the ground up, a hard money loan can be a great option because traditional banks tend to be slow and have stricter requirements for new construction.

I purchased my first rental property a month ago and I’ve learned more about real estate and home building in that one month than the rest of my life combined.

After that you want to build the relationship.

I'm especially interested in hearing about how you've made a PMS geared more toward STRs work with MTR billing and leasing.I do remote operations support for an MTR/LTR company in Denver and am assisting with our tech stack build out. 

Do people other than tenants in the building have access to the area?

I find that amusing as I was told I was buying the last “two” buildings and I better hurry or they would be gone.

The only way to know if your idea is worth doing from a wealth building standpoint is to do the math:  What is the cost to acquire?

You could build or flip less expensive units and sell them to your clients/occupants over time.