I have a large lump sum saved in an investment account for down-payment and any additional costs.

Additional Info —Key Details:Location: Outside Santa Fe, NMProperty Size: 20 acres (valued at $80,000)Project: Two new STR unitsExisting Experience: Family has two fully-occupied LTRs nearby, generating $2,000/monthConstruction Approach: Self-contracted with licensed trades for electrical/plumbingCost Assumption: $80,000 per unit, plus ~20% for inflation (based on 5–8-year-old build costs)Financing: Using land equity as down payment on construction loan (expecting closing costs to be major expense)Request: Looking for feedback, potential pitfalls, and general guidance

In trying to be more helpful, I came up with two additional ideas:1.

Just be sure to clarify that she isn’t a leaseholder but is authorized to reside in the unit.If you’re concerned about liability or want more peace of mind, you could ask the primary applicant for additional security, such as a higher deposit, depending on what’s allowed under Colorado law. 

FHA now allows us to count rental income from an ADU (additional dwelling unit) to help borrowers qualify.

We also require that we be added to the contractor's insurance as Additionally Insured, so we're covered if they cause damage or liability issue.3) If the property is occupied:- One of our people MUST accompany their person (and we charge for this). --- We were sued many years ago, along with the owner, because tenant claimed owner's contractor sexually assaulted them!

And if still in Spain, how long until it's in US and is shipping additional or is price landed? 

Additionally, do you all generally use a smaller income criteria if the rent is inclusive of utilities? 

The 50% is rather deep a cut, especially with all the additional operational expenses not included into that 50%.

Additionally if you're running an active business in the IRA the income will have to pay UBIT.