Cash out refi 2 other properties residential properties, use the funds to build, keep original residential loan on land3. 1031 1 or 2 properties to pay for construction.  

I will keep you updated. 

Otherwise any cash you keep would be taxable.  

It was a problem at my old home, the place he is currently renting, keeping the items there at the rental.

The goal is to make sure you have high income, good credit score and enough assests and reserves to keep moving towards the next deal and dont max out on your first deal meaning do not max out your debt to income ratio as it can affect your borrowing power to acquire the next one.

No amount of sealing your foundation will keep that kind of water out of your basement.  

You would have ongoing filing requirements with the State and would need to keep business records and documentation.

If I purchase the investment property in my retirement account, I can't do the work myself - I have to hire out and pay contractors through the retirement vehicle.

Although, it’s real estate and I am looking at keeping it in my portfolio for the long game. 🤔  

I considered SFH where I'd rent out all the rooms and keep one to myself, but this seems risky since I'll realistically be away for months at a time and couldn't manage the unit/other tenants.Then I came across some listings that appear to be hotel rooms for sale, with basically the facilities I need (a bed, toilet, kitchen), a price point I can handle (270-500k$, I'd do 20% down), and fairly high HOAs (~1500$/m?).