With one million dollars and picking up the houses while distressed and refinancing you can build an extensive STR portfolio. 

We have a pretty significant portfolio and are building more this year. 

Depending on your income You get to take depreciation off your regular income (usually up to $25k) of 3.6% per year of the building’s value.Many of your everyday expense can be deducted from your income as business expenses. 

Im looking to move our 5 (soon to be 17) short term rentals over from being solely listed on airbnb, to a comprehensive PMS system to save on airbnb fees and build some efficiencies into our workflow.

My question is, can I use one of the separate parcels as collateral for a construction loan to build a multifamily on it (of course adhering to zoning regulations)?

Smaller office or shop buildings might bring in more money but need you to know more about running them.

Get rid of debt, build a budget, and save.

Definitely a smart idea to do a few fix and flips to build your cash up first!

Get rid of debt, build a budget, and save.

Note: I left my corporate job over a year ago and building a startup (beyond real estate) so I believe this limits my options re mortgages, yes?