I've posted on these subject numerous times lately but building codes across the country continue to evolve making the construction execution costlier and costlier.

Land has all the utilities and is in residential and zoned mixed commercial/ multi familyit will be difficult for anyone to give you an answer since you will need to look intothe zoning rules and regulations, you could build a 100 story apartment building, a mobile home park or absolutley nothing - it will depend on the zoninig.from there you need to then do a market study to see if what you want to build will actually be profitable.

Check out the map on our website where we’ve made this all easy to follow.We can also share numerous examples of properties & portfolios we’ve assisted investors with!

On the way to those 10 years, you may question the choice of investment.I believe there are numerous more passive options to diversify that can project similar returns as non value add residential RE investing.Good luck

You’re definitely doing the right thing by learning first before diving in.A couple of books I’d recommend are “Short-Term Rental, Long-Term Wealth” by Avery Carl , really helpful for understanding how to choose and run your first STR and “Optimize YOUR BnB” by Daniel Rusteen, which has tons of practical tips for setting up and improving your listing.If I could share one piece of advice, it would be to really dig into the local regulations and guest demand in your area early on.

Stick with what you know which will present numerous, far more passive income opportunities like TSM index funds which include RE.

(Hint: if you see a buying company with Roman numerals as part of the name, it is most likely a fund.)There were 5 or 6 big groups, and dozens of small to middle sized groups trying to swim with the sharks.  

Check out the map on our website where we’ve made this all easy to follow.We can also share numerous examples of properties & portfolios we’ve assisted investors with!

A contract for deed THEORETICALLY works differently, in that since the warranty deed is NOT recorded there’s no need for formal foreclosure - but in the last 20 years various states have passed laws and or regulations providing contract buyers with greater protections that may necessitate foreclosure or “foreclosure like” proceeding in order to gain “ownership”.  

If theyre using Schedule E, theres numerous expenses they cant write off like the cleaning services, which is one of the test factors of whether its a passive rental activity or an active business.