I have a higher nightly rate because I can sleep more people, my taxes and insurance are higher.  

Does that include monitoring insurance?

Fully licensed, Insured and bonded.

The land is twenty acre parcel, which if we buy it, plan to hold it long term to develop either residential or commercial with partnership or cash out for retirement.

So I am considering two options:(1) HIre a contractor to hand off to finish the project.(2) Sell it as-is.If I go with option #2, obviously it cannot be a normal sale as the property is not habitable in it's current state, so cannot be mortgaged nor insured. 

Hello, My name is Alessandro Coca, I plan to invest in Residential Real Estate.

I am planning on starting my investment journey here as well and beginning with house hacking.

What investing strategy are you planning on pursuing?

This amount includes utilities, taxes, insurance, repairs (8% of rents), vacancy (8% of rents), and capex (5% of rents).Link to the Redfin listing: https://www.redfin.com/ME/Augusta/39-Oak-St-04330/home/99940...

Consult with a lender before transferring, ensure property insurance, and discuss legal and tax considerations with a real estate attorney and tax professional.Good luck!