We have enough in our account and enough of an equity in our home where we could really start with any type of investment so that’s where it’s difficult to choose where to go. 

It's wise to take into account market research and any upgrades or additional benefits for the tenant.Determining when to raise the rent is influenced by various factors such as lease renewal dates, local market conditions, tenant satisfaction, and lease agreements.

This will cover the mortgage payments. all of the additional expenses I will cover out of pocket (escrow account).

For those who don't know ....SDIRA : Self Directed Individual Account. 

@Jamie Parker  I would start talking to local banks/credit unions that do investment property construction loans once you have identified the project and have some details. 

If not, can my friends wire money directly into my account, and I can use that money to pay for the property?

Also, Airdna pulls the numbers that are dropped in hosts checking accounts, that amount is only the nightly rate and cleaning fees. 

Or something else entirely.I would recommend filing an extension and then having an experienced accountant review your entire tax return before you file it.

. - I asked for 3 months' bank statements and have about 20k liquid- 16 derogatory remarks on credit report- (I feel dumb for even asking considering this)Here is the kicker:- they own a restaurant and already said "How would you feel if there were occasional workers that stayed here?"

The home would likely rent for around $2,000 - $2,200.These are pretend numbers and you may find something that works, but I would be very careful with the math and ensure you account for all expenses, including vacancy, maintenance, property management, etc.