Step 3: Compare build plans / specs to decide what you want to build.

You will need to justify the sale price of those assets to the new owner at their then current value on your books.It is a big hassle to do this, but it can make you a lot of money if you do it right and are careful in your record keeping.

They took care or the property. 

As a PM, his team would be familiar with areas and could help underwrite the property and take care of the day to day headaches. 

It all depends on the market and if tenants actually care about having a new sidewalk and walkway. 

I myself am in a similar position looking to acquire a secondary home in the Banner Elk and would plan on using as a STR and would love any input on your findings!!

Even if the data is from 2022 let's say, its good enough for planning. 

Establish what type of commercial real estate interests you most—retail, office, industrial, or multifamily—and develop a plan around that.

Also I dont know the state of the house ie is it completely derelict and trashed or what not, as previously stated i dont care about the house, just the land.

I still think if you're an investor, you need to run your numbers carefully.