He's able to charge a good bit of money per unit since it's a unique experience, and they should be relatively cheap to build once you have the land. 

@Gerald Maczuga,The Long Term Capital Gains rates for 2024 include a 0% bracket for "married filing jointly" that caps off at $94,050.  

Funding: my plan is to shop around hard money lenders for purchase and rehab for best rates/fees/down payment.

This sounds like it would possibly be a rate and term refinance since your balance will be $203,000.

@Vicente HernandezReal estate agents tend to prefer property management firms that have clear payment plans, fair commission rates, an easy referral system, prompt payments, assistance and tools, and a good standing.

BUT I also know that I probably won’t get such a low interest rate again in a very long time 😅 so I don’t know what to do.

This will be my first rental property so want some advice.Purchase price - $195KDown payment - $59,176 (25% plus other closing)Annual rental income - $29,424 ($2,452 a month for 4BR)CoC return 10.7%Cap rate - 9.7%; Price to rent ratio - 6.6Cash flow will be over $5k per year after paying taxes and mortgage.

Returns on paper are higher the higher the cap rate is, but actual returns are higher the lower the cap rate is in my experience.

Word of caution, furnishing a house isn't cheap and STR management is a part-time job. 4.

We got it for a really good price of $360,000 on a super low interest rate (3%) back in '21.