Our best use for the property would be to build a couple of large estate home (8k sq' and up) and form a private estate, but, being that we are in the County with no existing zoning requirements, we could also build what we want and potentially turn it into an income generating property.

Initially when we began we decided on things by gut because we were learning.

If I did my math correctly, on a 3,600 SF triplex where you buy the land for $150k, you generate a gross profit of about $84k (based on a $140/sf build cost and sale price of $205/sf), before you pay interest on any borrowed funds or closing/commission costs.

Owner-occupying a small multi-family property is a smart move—you're reducing your own housing costs while building equity and generating rental income.

It allows for a period of adjustment during down periods and takes advantage of the market's upward trajectory.By projecting returns, considering a solid five-year window, timing the market strategically, and analyzing historical patterns, I've been able to make profitable investments and build lasting wealth.Let me share with you the strategies on creating generational wealth that have worked for me and can work for you, too.Long-Term Mindset.

That was my initial plan when I first started investing, but I was having a hard time finding a four unit.

@Amanda KwongHi Amanda,I have not received my initial investment back from the 2015 Fund yet.

Did you use AI to generate your posts, you slick dog...Haha, but in all reality AI is useful as a complementary piece for day to day activities.

A plain vanilla lawyer-generated set will cost somewhere in the $1500 ballpark from Geraci. 

Several large developers have built beautiful high end condo feel student apartments super close to campus which initially depressed rents in houses.