Either from infill lots, raw land, or tearing down an older house?

Some lenders will require as little as 15-20% down (of the total project costs.) 

I know we can have a lawyer draft up a quit claim deed to get her sister off of the deed, but I have head this is similar to when people transfer ownership to LLC and could pull up the due on sale clause?

We will have a lot of down time. 

We are shut down for a bit as we complete a pool construction project but expect to continue with the one we tried, and probably the other one too.

Then, with the end of year bonus I would like to use that as a down payment to buy a single family home near my parents in Atlanta.

@Gabriella NataldieTo make a strong financial future, think about getting more cash through side jobs or freelance work, cut down costs by making a budget, and use your saved money smartly.

Glad to see this thread pop up, I was just looking for more info on SFR to assisted living conversions myself...Is there a good source of beginner info on where to start down this path?

STR inventory in Pensacola exploded between 2020- and now which has driven down occupancy per unit and in some cases rates. 

As a newbie, if you do get into an appreciation play, you can look a little bit more short-term down the road and recognize that you can likely refinance your property once interest rates drop and actually see some cash-flow once you reach a lower payment.