@Brandon Morgan not sure how far your income & savings will go in Florida.You might want to consider the Midwest.We can answer any questions you have about Metro Detroit!

By adopting a prudent approach and regularly monitoring market conditions, you can make informed decisions to maximize the long-term income potential of your rental property portfolio.

The first lends itself to smaller properties and potentially higher turnover, whereas 3 could appeal to a larger group of people that may be there for a longer time period. 2)what’s the typical income of someone that rents in the area?

These include reporting rental income, allocating expenses between personal and rental use, and navigating new limits on mortgage interest and property tax deductions under the Tax Cuts and Jobs Act of 2017.In places like Hawaii, STRs are subject to additional taxes, emphasizing the importance of understanding the local tax landscape.

I also have a good w-2, live below my means, no debt, and due to get wage increases in coming years. 

Guys I read a couple great posts here about HELOC for self employed businesses were there are many write offs to show an income on a tax return.  

I think the main thing is do you have a book keeping system in place that allows you to efficiently break out all income and expense from the triplex, especially come tax time? 

I have more bookings from Airbnb, but these are shorter (2 to 3 days) stays and represent 22% of income.

We'll cover 100% of the construction upto 65% ARV . no income and no doc .

Stessa is great if you are just trying to record income and expenses per property.It is not a good tool if you want to keep track of balance sheet items.Best of luck.