@Frankie Paterno In most places you will likely find that your $1.2MM will go much further with existing built as opposed to developing.

Does anyone have any tips or software tools to help give estimates on pricing and the potential occupancy of the rental?

If I had grasped this concept five years ago, my achievements today would be even greater. 

I'm a newbie tooSelf education through books is a conversation between the author (mentor) and you.You'll gain knowledge, connections etc but it takes timeAttending meetups, listening to Youtube videos on subject matter further broadens knowledge base

But if your budget is tight or your home only needs minor updates, your real estate agent can help you think outside of the box by suggesting simple DIY staging tips to help your home look its best.Bottom LineStaging your house properly can make it much more attractive to buyers, but it’s not a one-size-fits-all solution, and every home shines differently.

Any tips?

I am only in two syndications and my GP just refinanced us and got 5.7 I think plus 3 mil cash out that is going into further reserves..

I will connect with you all to discuss further!

I also have a pretty good grasp on UCC law, which is why the  information that the "Bank of Banks" implies is of concern to me, and quite frankly, should be of concern to everyone.

It is surprisingly easy to manage out of state and if you want more tips on how, check out Bigger Pockets book "30 Day Stay" on Mid Term Rentals.