We're unable to identify many, if any, factors that would change our course.   

If we build in 5-10 years the construction cost might be 500-600k but we would have gotten the land cheap compared to what we would have to pay when all of the lots are developed in the future.

Here's why:Let's say I sign a tenant to a one-year lease, and 3 months in, their personal/professional situation changes, and they break their lease and move out after a 30-day notice (or maybe less).I am required, by law in most areas, to "mitigate my loss" by remarketing the unit, making it rent-ready, and starting up my lead generation machine to get applicants, funnel them into my screening system, identifying good candidates and ultimately leasing them up.

Realtor.com Alerts (Another MLS Alternative)Realtor.com pulls directly from MLS and is often faster than Zillow.How to set up:Sign in at Realtor.comEnter search criteria.Click “Save Search” and enable alerts.Pro Tip: Realtor.com shows price history, helping identify motivated sellers.6.

This looks too good not to develop into a product.

I identified the replacement property within the 45 days, had an inspection and appraisal but just before closing I found out one unit had squatters and I didn't want to take that on so the deal fell apart and the qualified intermediary released the 1031 funds to me the day after tax day, April 17, 2025. 

Speaking generally, they are likely either syndicating funds for buy and hold or development deals or they may be helping clients purchase and manage specific assets.

On Parcel B, I plan to develop the lot in the next few years with ~15k sqft for professional/office space.

I’m a single dad to two young boys, which is a big motivator behind my goal: to transition into a more flexible, family-friendly lifestyle while building long-term financial security.I’m calling this my Exit Plan Strategy, and real estate is a big piece of it.So far, I’ve:Read Long-Distance Real Estate Investing, BRRRR, and Rental Property InvestingBuilt my own Excel analyzer (profitability, cash flow, cap rate, amortization, 1% rule, etc.)Set aside ~$50k–$60k in startup capitalStarted identifying markets and partners (realtors, contractors, PMs)Focusing on value-add rentals, flips, or BRRRR in desirable-but-undervalued areasI’d really appreciate help with:Recommended software or tools for remote market analysisTips from anyone who got started while still working full-timeAdvice for evaluating smaller multifamily or distressed propertiesMistakes you wish you’d avoided on your first dealAny Montana-specific or Western U.S. insights (but I’m open to investing anywhere)If anyone’s open to chatting or mentoring, I’d be extremely grateful.

The house is located in a very high-demand neighborhood and has great visibility.This is a completely new experience for me so please excuse my naivete, just want to be prepared and identify any potential blind spots I'm not thinking of.Thank you in advance for your feedback!