I mainly bought it for the land, do not intend to rent it out for cash flow or what not.It is currently occupied by the previous owner.

I own a small multifamily commercial in Albuquerque and can confirm the diversity of the economic and cultural factors that you mentioned. 

I mainly am curious how people have raised capital for their first properties. 

Since you have built a lot of them, could you spare 15 min to share your perspective on the main pain points of land discovery?

FHA allows the construction or renovation of an ADU on the property by refinancing into a 203k loan, but the property must remain your primary residence.This stuff is subject to change, lender specific, and subject to other factors.

But that is calculated after expenses and depreciation is factored in. 

Location and amenities are the two most important factors that bring potential renters to an STR. 

But there are bunch of factors to consider there. 

My real estate agent thinks I'll only get 1.1 million for my home but due to a few factors I think it should be more. 1.

Besides the stress, the other main factor that I want to point out is- time and use of money.Wholesaling would have been much faster and that money could be used for the next deal faster.