I'd recommend reading up on the process more before you start (and local tax sales are coming up soon).

I've got some cash saved up but no where near enough to cut it. 

I have some experience in multi-family fix and hold but am new to new construction (ground up). 

Hello Joe,Congratulations on your purchases, if you are ever looking for a DSCR loan, please let me know, we do rental loans down to 1.1x and up to 75% LTV on a cash out refinance, or 80% LTV on a rate and term refinance.  

For the moment I would recommend doing your homework, calling people up, make some connections, hire a RE lawyer and start looking at prices for STRs WHEN the lockdown is over, which is impossible to know as of today. 

Louis for the last year but have personally avoided things up there.

For example, several years from now when rents are up and you refinance to a lower rate suddenly you will have cashflow you were not imagining when you made the purchase. 2.

I *think* I'd like to set up an LLC to house the STRs, but I'm struggling on the implications of single-member vs multi-member.

Tried signing up but haven't gotten any confirmations from you yet.

Like I said above, there are no "IRA police" patrolling all SDIRA rentals to make sure you're not touching up the paint in the hallway, so tinker around at your own risk.http://www.law.cornell.edu/uscode/usc_sec_26_00004975----000-.html