I lived for free for a couple years, while collecting rent checks. 

Check with an architect first to be sure you can fit your vision into the existing lot, as it's zoned currently.

It doesn't seem to be much in the way of appreciation over time, but would these be worth checking out for the beginning investor?

Costs and Timeline: The process of splitting and developing lots can take time (1.5 years) and may involve significant costs for permits, construction, and other development fees.If you want to learn more about how SB-9 can work for situations like this, check out our website "CityStructure" for more info and helpful resources.

To find reliable contractors, ask for recommendations from other investors, real estate agents, or your local hardware store, and check platforms like Angi or Thumbtack for reviews.It’s best to bring a contractor out after the inspection so you have all the details to discuss.

@Scott Trench accountability check in?

To make taxes easier we set up a business checking account and had all the rent paid into that account and all the expenses paid out of that account.

For lenders, I have access to private money lenders or if you want to go the traditional route, I recommend checking out Coast to Coast - Jeff Weller. 

To avoid pitfalls, research liens, check property conditions, and set a max bid before buying.

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