Are there any cost-effective ways to handle this situation legally?

IRS is saying you cannot combine hours.This post does not create a CPA-Client relationship.

Thankyou @Paul Azad, the relationship between Monday and RSN was described as a joint venture, meaning both groups would be responsible, and actively involved, in asset management and decision making.  

First, deep relationships with people so that you know them well, they know you well, and relationship continues for many years.  

To answer your question (that wasn’t actually aimed at me) my concerns are investing in an area that I’m completely new to and building an out of state team that will be effective. 

That 36% rent increase while keeping happy tenants shows how smart and intentional you are about building relationships, not just cash flow. 

Work out a fair revenue-sharing model, such as a flat lease or percentage of profits, and consider hiring a property manager for oversight.This post does not create a CPA-Client relationship.

Central Florida is a solid market with strong rental demand, especially in growing areas like Orlando, Tampa, and Lakeland.Focus on building relationships with local agents, lenders, and property managers—they’ll help you identify good deals.

Balance debt and cash to preserve flexibility and scale efficiently.This post does not create a CPA-Client relationship.

Surprisingly most zoning in the US didn't come into effect until the 1950's and most lots in developed areas were created before this.