What do you mean you are paying $400 additional dollars more than what you are paying now?

FHA now allows us to count rental income from an ADU (additional dwelling unit) to help borrowers qualify.

If im out of state, does it make sense to join social media groups, etc. to accomplish the same thing without being physically there? 

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and it's super landlord friendly.

My goal is to live in the home during the winters, maybe 3-4 additional weeks for vacation, then rent it out to help cover the mortgage the rest of the year.  

We will have lots of renovations and additions to do over the years, so I'm worried that it will be hard to save up for more rental properties.Any suggestions?

Additionally, I was not making enough from my corporate job to support any kind of significant mortgage payment.

Additionally, I'm still not convinced that you are not associated with this new management company. 

In both you are now paying taxes on an additional $1K/mo.

Additional Info —Key Details:Location: Outside Santa Fe, NMProperty Size: 20 acres (valued at $80,000)Project: Two new STR unitsExisting Experience: Family has two fully-occupied LTRs nearby, generating $2,000/monthConstruction Approach: Self-contracted with licensed trades for electrical/plumbingCost Assumption: $80,000 per unit, plus ~20% for inflation (based on 5–8-year-old build costs)Financing: Using land equity as down payment on construction loan (expecting closing costs to be major expense)Request: Looking for feedback, potential pitfalls, and general guidance