In order to help finance the care, we are currently renting house and foresee needing to draw equity from it in the future. 

Past performance is no indication of future results.

@Anibal SanchezWelcome to BiggerPockets and best of luck on your future ventures in real estate.

In 2023, we sold it for $245,000, achieving a strong return and leveraging the experience to fuel future projects.

This way I get paid upfront for my work 1-2k plus I know I have another payday at some point in the future if the deal closes.The costs to fully develop a property and sell for near retail usually involves the costs below and takes 2-6 months or more in some cases, but the profits can be huge if you're working in markets where land costs are high:Title 200-400Legal 500-2000 depending on zoning issuesIf wetlands are present AND its a buffer zone project: 2000-5000Perc & septic design if needed 1500-3000Treescaping & cleanup for retail sale 500-1500Selling costs of 6%I tend to stay clear of properties that need more than the above expense items.  

Meaning you may be able to do some cosmetic or smaller renovations like bathrooms or kitchens in your duplex when the tenants turn over and those smaller investments can demand higher rents, so in the longterm you may have more cashflow from the duplex to help fund a future investment in another property while you wait for market conditions to change.

They should be proactively communicating with you as to why they can't find a tenant and discussing options with you.PM's do get busy, so before firing them, try to have an open conversation to find out why it took so long and what can be done to rent faster in the future.

If I get motivated enough in the near future I may do more research and experimentation with it.  

I live and invest in Milwaukee since 2007, so probably a little bias here, but we are set up very well for future growth. 

Portfolio Owners to become completely self-running in the very near future.