Help with ideas to make a good deal out of a situation

[Michael Wang]

Hey guys,

I found a property with a special situation: it has two lots - one lower lot with a house and one upper lot that is empty. Can you please share your ideas or experience of how to deal with that?

I am trying to be a buy and hold guy or BRRRR, but if I keep the empty lot, the property tax is going to kill my cash flow for sure. I dont know if it is a good idea to build another house in the upper lot and rent it? Never heard anyone build new house just to rent...