Some of the main reasons are that operating expenses, acquisition costs, and capital expenditures take a substantial amount of any would-be profits.

I would also consult with a certified cost segregation specialist in terms of classifying other assets into their appropriate class lives.

Kyle, thank you for your perspective.I will surely use house hacking to get started in real estate, no doubts about that.

If you want multifamily then looking at new apartment construction in the area, is there an over supply or under supply. 

And given that many syndicators that offer paid mentorship cost in the 10s of thousands, I would just be very clear with each group you talk to on what you are needing versus what they actually offer.From the bits I have seen about a lot of people's mentorships (to be clear I have not gone through any), they cover market selection, basic underwriting, some marketing, basic legal compliance items.  

Unless you find a properly zoned property, it is no go.Just start looking in places that STRs are allowed rather than try and swim upstream.

Hello @Reva SchwobI'm in your market and I can say that there's no one proven method for success, but rather it needs to be an ecosystem of a little bit of everything.

However, I have been trying to figure out possible creative financing options to build more without having to sell, but I cannot seem to find a lender willing to do 100% down on land and construction even though the LTV would be below 50% since I can basically build for costs of material plus minimal labor by doing almost all of it myself , with a little help here and there.

The biggest thing you will miss out on is leverage/diversifacation plus mortgage interest deduction but as far as actual benefits outside of the above 1st time home buyer down payment assistance (many of the programs have fine print that often makes less of a good deal than just free money) no not really. 

The cost is approximately $6800.