It's not your fault that the tenant has to vacate, so the tenant should have insurance to protect them against any additional expenses.

We run a Real Estate Notes Show where we speak with many of these types of investors teaching them different strategies. 

 - a study on rent cost compared to ownership cost shows that virtually every large city market it is initially cheaper to rent than own (I believe is was cheaper to went in 97 of the largest 100 markets)Miami and Florida have extra concerns:- insurance difficulties have resulted in large increase in insurance costs.  

Even a brief consultation can clarify your legal standing and provide additional strategies tailored to Raleigh’s market.Have you considered asking other local landlords how they’ve handled early lease terminations?

Hi @Javade Jones,That’s a great strategy!

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.  

A Illegal simply starts a business entity , gets an EIN and insurances .

How is it a tax strategy though?

Appreciation-focused investments can definitely help you grow your portfolio faster through equity gains, but they also come with higher market risks and usually require a strong exit strategy.

This is not yoursituation, but just to walk through the different thought processesin Holding/Selling that a friend of mine is going through.Helped my friend getinto the Self Storage business and walked him through the wholeprocess from evaluating the market, selecting a site, developing thesite, systems, financing, insurance, etc.