interesting to see, a bit different but any market has development that works. we do a similar strategy for new construction but it's based on land location and identification rezoning zones that are ideal for high density in columbus oh, and a product that does very well which we do a triplex on a slab. all the same. 50k for a lot, 300k hard cost build for a stacked 2/1 triplex about 650 sq ft per unit, appraises for $500k approx when done, total return of capital within 12 months (Build, rent, refinance, repeat), and then redo the same process. it's harder to do it in some areas but in columbus we mostly do it in the urban core where density is typically supported because of the abundance of multifamily already. 

But I still think with the high NOI that my peppery brings in it could really help, even though I am not a tax professional and it’s not a STR where I could apply it to mu W2 taxes to push those down.

Recommendations are highly appreciated! 

Another thing you can do is research to determine high-performing key words on trends.google.com, as well as the high-performing listings in your area. 

Rental rates aren't high enough I would have to probably put over 33% down which I don't have that much to put in.

All that is going to be used against them if things turtle up IE a water landing I think as Chris has stated as some of the high profile syndicators are having some issues but keep posting about their lifestyles I would personally not be doing that It just pisses off investors who are not getting their distributions or there are Cash calls right ??

If your current loan is the best option, there are HELOCs for investment properties, but they don't go to as high a loan-to-value.

So, I am guessing they are not very popular with investors or the demand for rentals is not that high?

In a perfect world, I would be able to command a rent high enough to at least earn 0% on the house to pay down the mortgage.

Way too high, and I feel someone doesnt know how to calculate!