Non Conventional BRRRR with Subdividing Potential

[Anthony Simboli]

Hey BP - looking for anyone to share personal experiences about purchasing a BRRRR property with 20+ (or many) acres of land. I have no experience subdividing land so that's mainly what I'm trying to learn here. A brief description of the opportunity is below. Feel free to ask further questions if needed.

Large single family home with 2nd approved structure that is currently rented (essentially 2 family). Needs renovations but livable (I will be owner occupying and renovating myself as I also need a place to live right now). Rent numbers would certainly not make any of the 1% type rules work, HOWEVER!, there is 22 acres of land that can be subdivided. How would one factor in the potential benefits of that land offsetting the high purchase price? I'm pretty confident in traditional BRRRR calculations but this opportunity could be very unique if I can understand the subdividing potential.

Thanks all!