. - If I were to find some creative renter solution and low-ball the market rent at $1700, I could only put in about $180K total assuming a conventional mortgage to generate acceptable cash flow.So, apart from increasing rent and managing the property myself what are ways that I could make something like this work?

I guess building in phases helps to mitigant some of that risk but at the same time while you have land being moved and foundations/roads being poured it seems to make sense to do quite a bit at the same time?!

📍 Property: 88 Innis Ave, Columbus, OH 43207💰 Bought for $1,000, Sold for $40,000📅 Total investment: $5,170.36📝 Licensing Fee: $3,000⏳ Processing time: 58 days from purchase to disbursement🔑 Key Numbers:Profit: $34,829.64ROI: 673.64%Annualized IRR: 4098%Ever wonder how land entitlements can deliver these kinds of returns?

I'm landing on the 5th and staying until the 12th!

The new owner bought the house after I purchased my land, and he might not be aware of these encroachments.Is there any risk for me, such as the possibility of acquisitive prescription of a part of my real estate after years, especially if (theoretically) the neighbor incurs considerable expenses for e.g. asphalting his driveway? 

A friend whose a land use attorney said it's max 5/AC, our lot is about 0.25 AC. 

You may consider working with an attorney and/or title company to transfer your assets to a Land Trust.  

It is a 40acre tract of land that was owned in an estate. 

Paying off the land contract would be considered a rate & term refinance.Why limit yourself to 5 years? 

. - You can definitely rent out for 30+ days on airbnb with no restrictions from the city of Chicago but not sure if airbnb will let you list if you don't have a license number...curious if you figure that out please share the results.Fee Simple ownership has nothing to do with what you can do with the property....It means that you own the land and the building on it outright, and you have the right to use and dispose of the property as you please.