Landlords and property managers don't like the word mold and I totally get it as it can be quite costly if found at the wrong time.

There is a difference between "best" and "lower cost". 

I recently took out a HELOC on my primary mortgage and have used this to purchase a home for 32,000 with rehab cost of 150,000 and ARV of 220k.

I intend to build a home that will be rented out to offset the costs of ownership.I can find construction to permanent loans on second homes easily. 

They're making it pretty hard for STR investors in the state, plus everything costs so much there! 

My out-of-pocket $40,000You are into it for $430,000 plus closing costs for a questionable value of $450,000.

Just checking my math.This is obviously after all expense , depreciation, cost set, property tax write offs, 20% etc.my question is are my assumptions correct? 

This protects me from unwanted vacancies but gives the tenants a fairly low-cost option to get out of a lease.

. , the other thing I often do when I'm starting to evaluate a new market, I subscribe to the local newspaper or the local business journal and doesn't cost that much, usually $5 to $10 a month.

What will it cost to make those income streams happen?