My siblings and I are building a home in North Port, FL.Here are the numbers:Finished Home Value: $412KishLand Cost: $19,750.39Construction & Permitting Costs: $304,897Additional costs: - Environmental Site Assessment - General Liability Insurance - Builders Risk Insurance - Construction FinancingWe will be listing the home this weekPhotos coming soon!!

@Gina Ventimiglia, since any type of property can be sold and 1031 exchanged you're going to want to market this everwhere anyway. 

I’m not looking to be the GC (obv) on this and will be hiring a GC.  

Great alternative to states that are cracking down on assignments  or having to try to  juggle double closes and all the marketing expenses that those that never close on props have to do.. this was simply listed on MLS and sold. 7th transaction that JLH has provided this client since Feb. 

I want to know if this is a realistic plan to start my investing journey.

This is such a good idea.

As an example I just checked AirDNA’s data against one of my rentals this week and occupancy and ADR was way off from the reality on the ground that most others I know are seeing in 2023.

I was interested in this type of deal because being I am well rounded in construction for me seem to be a good first time investment.

(Note that this is the typical arrangement for Airbnb rentals and other temporary rental-type properties.)Rental property used on a transient basis is depreciated over a 39-year period, not over 27.5-years as is the case with longer-term residential rental property (LTR). 

They have no workaround for this.None of this is getting pushed through to our CRM( Investorfuse) either.