Also you seem to be motivated to build since you already have these lots. 

LTR is stable, slow, and risk is low but potentially not as much cash (right away).Comes down to what goals you have and your risk threshhold - I have friends in CO springs who do STR and MTR, and works out great - but also have folks who LTR in that area and it pays for them self and it a great way to save money in places like taxes and build equity.  

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

The options are, demo the lot, split the lot and then sell 2 lots to the builder or build myself.

I leveraged my owned land to build my personal home.

Quote from @Richa Wardhan: Hello everyone,For those who call St Augustine home/ investment home , how challenging is the process to build an ADU on your property in St Augustine?

It's just a room and private bathroom and that unit KILLS on Booking but not really on Air or Homeaway/Vrbo.All of my 1-3 bedroom "whole unit" listings do good on Airbnb but not so much on Booking or Homeaway/Vrbo.And I have a 5 bedroom unit and it does nothing on Booking, but pretty good on Air and Homeaway/Vrbo.I think bigger units that facilitate large groups do well on Homeaway for some reason.

Investment quality is all that matters as you build the foundation for your track record.

The idea is to convert a multi-family building into condos; but not in the traditional sense where you separate pre-existing apartments into their own condos; but in a way where you combine the common areas of all of the apartments in that whole building, and turn the individual rooms within those apartments into condos themselves; thus transforming the hallways, kitchens, bathrooms, living rooms, dining rooms, porches, balconies into common areas of the condos. 

Or, should I focus on just holding these forever type deal and build a cashflow monster?