It might help to connect with local property managers who handle STRs to get a sense of what types of properties perform best. 

He should be paying into workman's comp and be the experts in evaluating the level of risk.Do you have an umbrella policy in addition to the property’s policy?   

Sometimes sellers who have had their property on-market for a while and don't need to be immediately completely bought out can be open to it.

After we build the structure, is there an general estimate of how much the property/house will appraise for when said and done?

Joining local real estate investment groups can be a great way to meet like-minded individuals and learn from their experiences.Start Small: Consider beginning with a single-family rental or a small multifamily property.

Do I put in 0 for property taxes when using the calculator if I will have a mortgage?

 Hey, This is a unique situation, I purchased my second property in June 2024, a single-family home that used to be a duplex, and is still zoned as a duplex ( remains 2 addresses).

The property was foreclosed on in November 2023.

I also have a couple of investment properties in Panama City!

If you are wanting to sell your real estate property, but are worried about paying taxes on the capital gains, a great strategy to consider is a 721 Exchange.