For example, if the land was inherited with a value of $1,000,000 in 2017 and you split off 12 lots that sold for $200k each.

I don’t know how skilled etc. he is so I am answering off of first glance. 

My understanding is an E2 Visa is an investor Visa (ie. you need to buy a business) OR you can piggyback off an existing E2 holder. 

It was an off market property that my realtor found while I was out of state.

I’ve built strong relationships with local agents and other investors in the Hamptons, which helped me discover this off-market property.

If they just represent first time single family home buyers and aren’t constantly finding off market properties and reviewing deals, you’ll find a better investment through someone else. https://www.kiavi.com/blog/out-of-state-real-estate-investinghttps://learn.roofstock.com/blog/out-of-state-real-estate-investing

If so, it will be good to get the type that has the on and off heat feature.

@Travis TimmonsI had the same reaction as you did, but I held off on posting since I don't yet invest in STRs (I'm all LTR so far, and looking into my first MTR).Buying an STR "to offset income" makes me nervous as well...

The article is off because it is comparing two different types of buyers.  

It sounded exciting for you but it is so far off from your current holdings and managed properties that it gave me pause.