Take a pause and a breath. 

I have buy and hold LTR houses and a few STRs in Brevard County, FL. 

We've a track record to share and a story to tell as we market our "new" resort to a large & generally untapped upscale customer base throughout Texas as well as both nationwide and internationally.

I've been devouring any other resources I have been able find as well, to include all of Frank's podcast episodes, and a couple of others too.

This includes properties with a single-family residence built prior to this date and a second dwelling unit (e.g., main dwelling, ADU, or JADU).

My dad has 3 LT rental properties (one which has a huge unfinished basement and a huge old greenhouse attached that i can build 3-6units or so). he has a beginners lvl knowledge i would say of RE. but he likes new construction bc theyre brand new and will have less headache. and yes i understand it was a bunch of RE jargon haha apologies. as you can definitely tell i am just unsure of what my next step should be and im a little scared if im being honest. i dont want to make a bad decision. no i dont own my own home, i live with my famly currently. which part sounds better than real life?

As with any tax advice, it's dependent on your unique situation and a qualified tax planner will gather all the information and come to you with recommendations. 

Or is it necessary to walk through with a structural and MEP engineer and a contractor before putting numbers together?

When you get the final bill, send the 2nd payment to the tenant (minus any amount for the water utility pro-ration) and a revised security deposit claim form. 

I’m looking for something with 0% interest in the first 12 months and a large enough limit to complete a cosmetic flip.