Will need to know density, parking requirements, can the building withstand building on top, lot size, future planning etc…. depending on how well the zoning and platting dept plays with others!

If you sell, consider a 1031 exchange to defer taxes if you plan to reinvest in real estate.

Our plan is to own $100 million worth of real estate by 2030 and become the premier property management business in all of Indiana.

My plan would be to use the equity loan from the second home to purchase another great deal (3rd home) and use the rental income from the second home to pay towards the equity loan and then start renting out the third home to get rental income and start paying off the mortgage on the 3rd home.

You'll want to explore this with your accountant and see what side of the fence they are.What is more a concern to me is your plan to let the property sit for a couple of years and then move in. 

I'm looking to get their "package" which includes a Holding company, LLC Subsidiary​, Corporate Financial Program and an Estate Plan.

You need to minimize upfront expenses because 100% of your investment is at risk and lost if the lot is not buildable.My favorite strategy is to locate the property and tie it up for usually no more than $100 for a period of 8-12 months, analyze it myself and if I believe it to have a chance at being buildable I create a permitting plan and market the property to other investors/builders willing to take on the permitting risk.  

@Jason Mitchell two of the better Neighborhoods of Detroit's 183 that we've ranked.Are you planning to rent or flip these?

I definitely planned on using Furnished Finder to fill out the midterm rental.

It’s great to hear you stuck to your plan and still came out ahead, even with a few bumps along the way.