I did so because at the time to purchase the property was about half the cost of renting, and there were no STR regulations in Curry County or really beyond..I recognized early that the regulations that quickly developed to restrict my BNB business in Los Angeles were likely to reach other areas and by being ahead of the curve, could own a long term vacation rental, in a land I wanted to be anyway, before there were rules that would prevent that goal. 

@Brandon JusticeIt sounds like you have a good business plan to move it forward into cash flow positive.  

If banks won't touch crypto, then you shouldn't bother accepting crypto for your business.

Every business faces a critical decision-making period when deciding whether to accept or go ahead with a business deal.

You can register your Wyoming LLC as a foreign entity qualified to do business in Alabama.

STVRs with material participation are considered active investments using schedule C, similar to other actively run RE businesses or other small businesses.

Both houses are new construction that was completed a couple of weeks ago.

Is it feasible to obtain a loan or a good old boy agreement where a lender offers 100% financing for both the purchase price and construction costs at hard money rates, secured by a second position on the borrower's other properties?

To secure the construction loan for the duplex, I would use the entire property as collateral to meet the down payment requirements.Does this sound like a good strategy?

Real estate is a people business no matter where you are at the end of the day.