That’s a lot to ask for guests that are only going to be there a short time.

The land is in a very non-desirable area pretty much in the middle of no where so I would assume the cost of the land is low but don’t know how the ROI would be after you had the infrastructure up and running.

We're finally in the position to be able to move forward with our goal of running a fix and flip business, but as anyone reading this surely knows, building up the courage for that first step has stopped so many would-be investors before they ever got started.

First - You should be investing to make money and a return.

Real Estate Professional Status (REPS) or material participation in a short-term rental (STR) could allow rental losses to offset capital gains.

. - We run our own architecture firm and are exploring ways to access some of the equity we've built up to reinvest in another project without refinancing and losing our 3.25% rate, if that is even possible?   

That's a long way to go, but a huge hit to anyone that bought with intending to re-fi in the short term from 2023 to today. 

The truth is, a large percentage of landlords lose more money making rookie mistakes than they would pay for professional property management.

You can be proud of what you have achieved in a short amount of time, this is really impressive!

Rental properties come in several flavors... short term, long term, etc.