https://fortune.com/2024/03/06/us-housing-market-pivotal-spr...

You can build on piers to raise the height of the improvements.

Many students from Stevens stay in Jersey Heights, Jersey City. 

Considerations, etc Thank you!

Your insights and advice on the financial implications, potential hurdles, and lender considerations associated with this approach would be immensely valuable to me as I navigate this decision-making process.Thank you for sharing your expertise and contributing to this discussion.

Despite considerable deliberation, the HOA decided against pursuing legal action due to its high cost.

@Bryan ChristopherThere are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

You might want to consult with a real estate attorney or financial advisor who can provide personalized advice based on your specific situation and objectives.Overall, while there are advantages to holding properties in an LLC, there are also considerations to take into account regarding financing and other factors.

Learn about fire suppression systems, door heights/widths, ADA, sidewalk parking, hvac, etc.Figure out how to bring value to the transaction.  

The other considerations noted by other posters are valid, but when you weigh them against the high risk of extended vacancy, ending at the beginning of winter is to be avoided at all costs.  2 months of added vacancy is a 16.6% loss to annual income.