@Bryce Nurding it sounds like you have a solid plan. 

We plan on living in the house and doing most of the fixes and renovations ourselves.

Hi everyone,I’m exploring a unique development opportunity involving my property and neighboring parcels, and I’d love some advice on how to move forward.My neighbor is currently in the process of building 54 townhomes on the property directly in front of mine.

Here is a comprehensive guide to help out-of-town parents navigate the process effectively.1.

If it’s an older property or has deferred maintenance, you might want to lean toward the higher end.When it comes to CapEx (capital expenditures), planning for major replacements like roofs, HVAC systems, and appliances is key.

What’s your game plan for managing the park — hands-on or hiring a property manager?  

I do plan to consult my real estate attorney who handled the closing but this is his busiest week of the year, so I definitely don’t want to bug him with something that isn’t extremely urgent until after the New Year.

The process is a lot easier if you find the right agent.  

That means paying all cash isn’t an option unless you plan to bring another $600k to the table. . 

It is my weakest skill in the research process.