How certain are you about your rental income estimate?

Hi @Michael Behr,In my opinion, the rental income is way too low for this to make sense.

with ground up construction you'll usually see 50% of the land providing 100% of the construction . no income no doc and first time investors as well  

@James Robert if you are flipping, even if you hold the property for 1yr, the profit is still taxed as ordinary income. 

Have your income statement both actual and projected, real estate owned, your detailed plan for going forward, have your FICO score, tax returns. 

Someone else I know who has a high W2 income was audited and had to pay penalties and back taxes.

I'm not looking to self manage for a while because I need to get a one year lease on this property for my personal debt to income ratio in another primary house.

STR licensing requirement in Austin:Owners of STRs are required to obtain an operating license annually.

Only problem is with a short term my monthly mortgage payment will be 2K, and will cut deep into my cashflow during that time.With a little work I can get my COC to 3.1% per month for that 12 years.Appreciation is about average in this area and I expect to get about 4% annually maybe 5%.

I am seeking to purchase BRRRR properties for long term investments as well as fix and flip opportunities for additional income in Brevard County.