On the other side of the property is a gas station with ample space between my lot and the gas pumps.The old Wendy's sign is still on the property in front of the parking spaces on a grassy area.

Investors are tripped up when the prior owner changes the use without permitting the changes and in those instances a rental license is not attainable for the new unit counts.

With proper communication and giving the current tenants ample notice, I think you would be giving them plenty of time for them to make a decision that is best for them.

Love this business and the ample opportunities for a better lifestyle if provides.

However, 5-10yrs down the line, that 1% rule may be very easily attainable.

Unlike cities like Phoenix or Las Vegas, where there is ample undeveloped land, Worcester's development must work within existing constraints.Currently, some of my clients are effectively participating in Build to Rent by default.

@Matthew DrouinI like to buy Tax liens, loan money and buy super cheap properties with my SDIRA cash.I have bought a 25k, 12K, 2500 (tax lien that turned into a rental) 8k (tax lien that turned into a rental)These houses where fixed up with my ample cash reserves.

Richmond continues to be a fantastic market, and a good duplex is one of the few ways to still attain cash flow, considering current prices and interest rates. 

Since your lease doesn't include a break clause, you'll want to communicate openly and give them ample notice, ideally a few months.

Would love any advice or any leads on attaining additional properties for short-term rental arbitrage.Thank you for your time and consideration.