Once they are approved you would need to have your property inspected and approved as well. 

You have no flexibility when it comes to exit strategies with only one building/project.They both have advantages and drawbacks.

It is almost the same mentality of the renters, they think that all landlords are rich lolYou are building equity when doing this. 

I have been most attracted to the idea of buying undeveloped land and building a 1-2 bedroom cabin on it to turn into the STR.

We don't have funding, but are trying to build and save for this.

Decide if you want a two, three, or four-unit building based on what you want, your budget, and how much work you can handle.

Jesse,Vegas is booming right now with buyers leaving California and with all of the new builds that are popping up every day.

Forced Apperception (BRRRR or buying at a discount) allows me to build in equity from the beginning of the investment in case I need to fire sale the property for an unforeseeable reason.Debt-Paydown and Tax-Benefits are just a result of owning real estate and can be more-or-less predicted over a time period.

I need to draw up plans, get a site survey and do some other build up.

If we can't find phone for apartment complex we use Google Streetview as most have phone on a building sign.