I own 20 acres of land valued at approximately $80,000, and I want to build two short-term rental (STR) units on it.For context, my family already owns two long-term rental (LTR) units in the same general area.

Investment Info:Single-family residence fix & flip investment.

We are wondering what to do next....multi family unit?

This will avoid the asset having to go through probate and any 3rd party (family) related issues.3. 

Please see the rough numbers below :Tear down house price 350k,Construction cost 165 sqft * 2 build=627k too much for the land unless your exit is 3 million. don't reinvent the wheel. no single family home builder is paying 300k for land. that's miami florida prices where I live. we buy land 50k and under in Columbus Ohio. keep land at less than 10% of after built value.

Hi BP family.

., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.

I have contacted family members in the past with literal hand written letters.

You might have to dig into off-market deals, though, since inventory is tight.Multi-Family: Always a safe bet if you can snag a good deal.

When you get the calls, say "Oh, wow, well I was probably gonna move my family in once it's built, but I might be open to just selling it, since my wife is already talking about wanting to do another house for [make up a reason]."