However, i would like a person with multiple rentals to help guide me to avoid some simple mistakes.

I haven’t gotten bids yet (build is too far away), but I’m hoping to keep it under $300K by subbing out the work myself.I’m not a huge Dave Ramsey fan, but I do lean toward being conservative and avoiding too much debt.

(I am avoiding phone numbers and websites so this response doesn't get redacted)Good luck, Janet

Stay for the forums, avoid the Bigger Pockets upsells and you will be golden.

Research local regulations and permits for STRs in your chosen markets to avoid surprises.

Would it be wise to buy the land with cash we have or utilize as down payment to avoid PMI?

I find it silly when sellers force their exchange for an underperforming deal just to avoid $25k of taxes. 

Selling at FMV avoids the gift tax but provides your child with a higher tax basis, reducing their future capital gains liability.A better strategy for selling below FMV is to sell the house at FMV on an installment note, then forgive interest and principal annually up to the gift tax exclusion amount.

I avoid investing in rough neighborhoods because I am a professional.

I know nothing about Joe McCall, but if he does not honor his warrantee I know enough that I would recommend all investors avoid his program like the plague.If you had a 90 Day money back guarantee, and you do not feel the program was worth the money then you should get your money back.As for getting your parents assistance 1) they are not obligated to assist you in RE 2) If you cannot convince them to assist you in RE then maybe you need to further your skill set.