Some of those building had extreme structural damage that would need to be identified by an engineer or architect. 

Once the development phase is completed minus the last part which is pull permit for the build, you have a building blue print in your hand, you can send the site plan and building plans out to your local builders for bids on the build.

I have a feeling you'll be able to build back your savings pretty quickly.  

After all PITI, utility, and services (lawncare and cleaning) costs I have $7,225.I set aside 25% of this for my maintenance fund.The remainder funds my lifestyle, wife has a Tesla, and quarterly vacations as well as business growth.In 2023 I am tracking to build 4 duplex units designed as room rentals funded in part from a recent land sale.

It takes time to build up the reputation, even in a popular area like Sedona.Sedona does have a ton of STRs but it sees in the neighborhood of 5m visitors a year so I wouldn't worry too much.Getting on VRBO is a must IMHO.

Build a map to scale your REI investment.  

Take a year to build your credit and save.

Looking to build a team that can help acquire my first small multifamily! 

It's a great starter property, so you can work out the kinks, figure out management, and build out your team.

If you are willing to put in the work to build/remodel/update a property...i.e. create value, you not only generally increase your equity position, but also can often create more room to cash flow and/or cash flow at a higher % CoC.- I have personally built two houses in Fraser, CO.