Extremely high taxes and maintenance costs plagued by huge inventory sitting in the market. 

With a calculation being on a deal by deal basis you'll need to go in depth with costs VS profit with both scenarios and timelines. 

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Buy the property with the LLC for the cost of the existing mortgage, perhaps plus the cost of the construction.

You mentioned that the brick property would break even or just about cover costs, whereas the vinyl property might give you a bit of cash flow.

Find one that can be custom to your needs, has flexible pricing, no long-term, high-cost memberships, and excellent customer services to determine how to best market to your leads.

Cross reference these with projections from a local propriety manager and/or your own protected daily, occupancy and operational costs. 6.

our build cost probably are close to maybe even less than some areas of the mid west ?? 

It's the lowest cost you can get per sq ft as it just needs finishing.

Property prices are very high in this region, and it seems unlikely that rental properties will generate positive cash flow due to the high cost of homes and current high interest rates.