Renew for a 12 month lease at XXX/month (new rate)2.

If you're talking about building additional square footage, it's almost always a non-starter.

I’m in a similar situation in Concord NC.

I am planning on purchasing a $350k property with DSCR loan.

Quote from @Eli Ling: You are losing over $160 a month or $1,920 a year by keeping a tenant who can barely afford the reduced rent, and he complains even though you provide pest service.

I don't think there is a market for that personally. land development is done on a very local basis and isn't a service many CRE brokers use.

I'm finding when I look at a given property, I get inaccurate comps in two ways: 1st, a property will show up in the list as a comp to my subject property but have a REALLY low sale value; upon investigation I find that the property acutally hasn't sold in 10+ years but PropStream thought it was comp; 2nd, a property will show up as "Sold" in the MLS status, but all ownership and transaction history tab don't reflect the new data.

I was in a similar situation for my second house hack.

Figure out a way to narrow it down.

Quote from @Jadon Grant: So, my business partner and I have run into a little bit of a roadblock.