It's a very interesting concept to address housing shortages in specific areas.Concerns:What happens when they inevitably expand too quickly?

Keep the plans to expand the building a secret.

If I do, I need income to get me to 59 ½ because I can’t access my retirement accounts until that age.

So I'm a fan of buying in the path of progress from here since it's starting to expand outwards into cheaper neighborhoods.

I would say it's worth having it so you can have access to the MLS, Remine, Supra, etc.

I think @Brian G. and @Jaycee Greene hit it on the head: an event occurring/debt resetting.When the debt forcefully resets on some of these assets, valuations drop if the submarket cap rate has expanded and/or if the operator can not show a good t-3, t-6 etc due to economic vacancy and rising opex (insurance, r&m etc).If the operator can't inject equity to cover the difference, then trouble arises.

Staying ahead of the game by understanding how local regulations align with state bills like SB-9, SB-684, and SB-423 can open doors to exciting development projects.SB-9: Simplifying Lot Splits and Duplex BuildsSB-9 streamlines the process for lot splits and duplex construction, offering a straightforward way to increase property value and expand housing options.SB-684: More Flexibility for Smaller ProjectsFor urban lots under 5 acres, SB-684 makes it easier to pursue smaller housing developments, transforming overlooked properties and vacant lots into productive investments.SB-423: Faster Approvals, Fewer HeadachesNo one likes endless waiting.

It was in our list to potentially expand our portfolio, but we already have 3 properties close to the shoreline....perhaps one day.

Just curious do you find that accessing county records online through the county clerk website works just as well as going in person?

This will give you more opportunities and access to various opinions about the market and properties.As to cleaning services, you'd most likely hire a property manager who'll take care of that.