Additionally, another neighbor who owns an adjacent parcel has expressed interest in joining the project, contributing their land to the development as well.I believe this could be a great opportunity for all of us, especially as a unique retirement plan for my family and my neighbors.

you're competing against pros for inventory.hopefully this is helpful

This is what the assessed tax value will reset to after you purchase.  

Hope this was helpful.

.- Legal and Tax Implications: This strategy involves intricate legal and tax details.

•To cash flow, consider:✅ Running a detailed STR revenue projection (AirDNA & Rabbu are great tools for this).✅ Factoring in seasonality—peak months can be lucrative, but slow seasons must be accounted for.✅ Looking at property management options—self-management can save costs but requires effort.4.

This is one of those, as is the neighboring properties (all of which operate as duplexes, though officially are noted as SF).

Never invest in any city on this list.Low risk of natural disasters.

All the water issues could have caused this as well.

Upfront expenses and monthly payments must be considered when calculating the return on your investment.EXAMPLEYou cash out $100,000 of your equity and use this as a down payment on a $400,000 investment property.