You  can put as little as 3.5% down payment, finance 100% of the construction costs  and the little appraisal issues because the future estimated value gets grossed up 110%. 

Gross Rents from using Airbnb and other sites are estimated around 50k a year.

Capital gains add to your adjusted gross income, which could very well push him into a different tax bracket by recognizing them all in the same year.  

The technicians also informed me that this is not consistent with "wear and tear" and is a result of gross negligence in the form of mowing over a large rock or tree stump.

Account Closed where are you getting your gross rents numbers from?

Check it out from the CNBC article below: "Expedia and Booking Holdings both saw a roughly 90% drop in gross bookings in the second quarter, reflecting just how difficult the past three months have been for the travel and hospitality sector.While the outlook remains uncertain, there is one segment of the travel market on fire: vacation rentals.With the center of gravity shifting from cities to suburbs, demand for homes close to beaches, recreational parks and trails continues to grow across the nation."

PM companies typically charge 30% of gross income.

I would need gross monthly income projections and your effective tax rate to put an illustrative analysis with my software together for you. 

But you can find a fourplex in Anchorage for ~550k in good areas that will do gross rents of 5,000+ (so $3750 when owner occupying a unit) - now you should have positive cash flow from the property to you.

Your goals and story: Goal is to buy a duplex or triplex.Type of property: duplex or triplexLocation of property: Ohio, or Pa.Purpose of financing: purchaseType of financing sought: Not sureOccupancy: owner occupied – live in one unit and rent the other unit outValue of property at present and/or your offer price: $ 120,000After repair value: $ naAnticipated or actual appraisal issues: no, Current rents per month: $ 700Fair market rents per month: $ 700Down payment or equity: 5 % or 10 % down Source of down payment funds, if applicable: own fundsIncome Source: retired, Gross monthly income (optional): $Monthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: $0FICO: Excellent, .Credit issues: Additional details: Looking for Stated income or Alt Doc type loan