I then did some wholesaling, land flipping, did some more buying and am now just doing lending to build up active income.

It’s awesome to see your excitement for real estate investing, and congrats on your first land sale, that’s a great milestone!

I purchase the land from a local jeweler who I tracked down at his business and asked he was interested in selling.

I'm looking at investing in land development with them with 14% return. 

Building on existing land helps eliminate the issue of land scarcity, which is a significant challenge due to California’s high real estate prices.

As to your point about confusion in the future, it's our policy to leave the conversation and thread open and available for anyone to read, they can gather all of the information and make an informed decision for themselves based on ALL the information provided.

. • An ADU on a 1-, 2- or 3-unit property must comply with the zoning and land-use requirements in the jurisdiction in which it is located.

The price paid is well below what we should have paid based on number of lots/homes/ that can be built.

Connect with a local architect who specializes in new construction duplexes and get their feedback on the highest and best use of the land, as is.

.- Cities like Toronto will levy another tax (Vacant Home tax) equivalent to 1% of the current assessed value of the property if the property is not occupied (rented, owner-occupied, family occupied, all count as occupied)- Land Transfer Tax: while the Province of Ontario charges anywhere between 0.5 - 2% of Land Transfer Tax when your transaction closes, you should expect to pay this amount twice if the property is in the City of Toronto .