On the other hand, STRs present higher income potential, flexibility in pricing, and potential tax advantages, but require active management, adherence to regulations, and may entail unpredictable income.

Otherwise, hopefully people can learn from it.This is a great question to ask, because you have flexibility.

Looking into a lot that my wife and I love, but comes with some deed restrcitions written in 1985 that include:- liveable area cannot be smaller than 1500sq ft (we want something like 1300)- no poultry whatsoever - only one property can be built, 2 family max. this is 5+ acres, we want the flexibility to build 2 houses on it! 

Having the LLC already in place gives you more flexibility for tax purposes further down the line.  

Be flexible and always open to expanding your knowledge.Good luck!

If so, you may consider a flexible property manager who will work with you on the fees and find a structure that works for you both! 

The strategic partnership with Related not only provides potential for higher returns, but also offers us both time and flexibility.

This reduces the need to have so much dry powder upfront as you will be reusing the money over and over again ideally.All things considered, I prefer a flexible Home Equity Line of Credit with interest only payments on the portion that I use rather than making principal and interest payments on an amount of money that I may not need right away as I make investment choices over time.

Traditional home sellers typically have more flexibility and don't necessarily have to sell. 

Use one that has flexible pricing/spending options, memberships for discount pricing (these often pay for themselves with your first list). let me know if you need specific information about skip tracing