You're in a market where property values could be very high 10+ years from now.

Of course, if your STR is by a lake or some other highly touristy location I don’t think it would work as a LTR

If so, is that assuming that the builder builds at cost (and "proves" it by providing invoices/etc. by the subs)?

@Eden Meng contact your Solo 401k administrator regarding regulations regarding leasing  mid term and long term rental properties.They should provide guidance regarding prohibited transactions.

FHA How did you add value to the deal?

I can help provide some contacts, I sent over a note and connection request!

Some of the cost seg providers you can reach out to are @Bernard Reisz, @Yonah Weiss and @Julio Gonzalez.Cost seg companies sometimes include completed 3115s with their service.

Cash and Loan How did you add value to the deal?

Cash and Loan How did you add value to the deal?

I also don't know all your circumstances ... but I provide the source for you to dig into it deeper down below.