For instance, most Millennials buy their first home at age 31, and for the next 5 years, 5 million Millennials will be turning 31.

Is there a step up in basis for the husbands half of ownership, will there be a $250,000 or $500,000 homestead deduction, and are there other mechanisms in play that I may not be aware of?

Income approach: Used for income producing properties and the valuation is based on the income and expenses of the property. 3.

From closing on the land to move in day is going to be 6 months minimum based on anything I've seen.  

I understand that I should have a separate bank account from my personal checking/savings, but based on my research, this first deal won't necessarily provide cashflow with me living in one of the units (it will when I move out).

Thanks Yes you can easily on a DSCR based loan. 

Based on the initial information provided, I agree with @Kristine Ann that there does not seem to be enough spread between the asking price and sales comp, considering the work that needs to be do. 

Development is one of those plays that either goes incredibly well or incredibly poorly.

Pricing per unit for 17 units:Guesty - $60/monthHostaway - $35/monthLodgify - $13/monthTurnoverBnB - $6/monthI've also played with the idea of doing a combination of services to include either Breezeway or TurnoverBnB for their cleaning team systems.

I am looking at conventional loans, and as you said, scaling becomes very difficult based on the first method of calculating DTI, especially if you are in an expensive market.