The options are, demo the lot, split the lot and then sell 2 lots to the builder or build myself.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

But I was lucky to get into the cabin building and I'm doing the same with the cabins that I did building my rental portfolio.

@Jaycee Greene Yeah it is easy for one to get discouraged when buying this type of project but I must say they are decent when trying to start low and build capital, that way you dont have to deal with **** properties or mediocre neighborhoods again. 

@Edreco AmosMiami’s market can be tricky for cash flow since condo fees and insurance costs can eat into your profits, especially with newer buildings or those near the water.

My wholesale business found the deal, I bought from my wholesale business to build my portfolio. 

Glad you are setting aside money, but if the HVAC is 20 years old, or the septic system has never been pumped, or the roof is 25 years old, etc; you will get hit with a cost before your build up enough set aside.How stable is the other tenant? 

Wishing you luck as you learn and grow in this industry!

It always comes down to understanding the seller(s), building rapport, and then coming to a win-win solution - we do a lot of creative deals, on & off market and each is always unique. 

Build a team of professionals, prepare your finances, and carefully select a property near high-demand areas like hospitals or corporate hubs.