Readers should seek professional advice.Great information providing clarity.The one thing I’ll add is that having an LLC own the property enables the investor to choose the LLC to be taxed as either a corporation or S corp.  

That’s a lot of life change happening at once — exciting, but yeah, timing matters here.You’re right that being near a hospital makes your garden unit a prime candidate for mid-term rentals (MTR) — travel nurses, patient families, medical staff, even corporate relocations.

For a KCMO midterm rental, pick a safe, hospital‑adjacent or corporate corridor building, confirm 90‑day minimums are allowed, and underwrite with conservative 30‑day stays.

Depending on your other income, short-term vs. long-term strategies can have very different tax implications, and many people get into real estate investing precisely because of how it interacts with their overall financial picture.Since you guys are planning flips now and rentals later, the tax setup matters more than most people realize.For flips, the IRS treats everything as active income, not capital gains, so once you’re doing more than a deal or two a year, you’ll want an S Corp (or LLC taxed as one) to avoid paying more self-employment tax than you need to.

We live in such a politically manipulated world today you have to push through the BS but at the end of the day, the major corporations run the country and will dictate pretty much everything.To be fair we are in an intensely levered world of things today. 

Since you own the land you’re in a strong position.Look for Georgia-based community banks or credit unions that offer construction to permanent loans for small investors.Set up a proper business entity like an LLC or S Corporation before starting construction to separate liability and qualify for tax deductions.Keep detailed records of all build costs as these become part of your property’s basis for depreciation.Once completed you can use cost segregation or accelerated depreciation to lower your taxable income.Consider lenders offering DSCR or investor-focused construction loans.

I had 3/5 management companies slow pay me this month, and one switched payment vendors (Avid Xchange is garbage) and they literally lost our payment and because of corporate nonsense I may or may not see that payment in another 30-60 days. 

Hey BiggerPockets community,I’m currently working a full-time 9–5 job, but my long-term goal is to grow out of corporate life and build a career in real estate investing.

I would also find an attorney who you really like and can assist on some of your corporate decisions (like LLC). also I would reconsider using business credit vs cash for an investment as too much leverage can be bad. welcome and continue to network !!

They also have access to some corporate bookings.