Land investment with great cash flow potential

[Paolo Ruggieri]

All - 

while being a seasoned real estate investor (I have 30+ properties) and a hard money lender, I never considered land before. I recently purchased two boats for my own leasure and realized how difficult/expensive is to store them and how cheap a lot with a run down old home on a busy street is within 5 mins driving from the lake (expecially with issues of fire damage, asbestos etc) . Does anyone have any experience renting pieces of a land/yard to other boat owners? I am just curiuos. I imagine I can do it only on small scale (20 boats at most) before county complains of me having to zone commercial... any thoughts or experiences?

The idea is to buy a destroyed house in a non desirable location (in fronf of a busy road) to rent pieces of yard if property is flat - and designed correctly.... or just the lot (very rare)