However, after receiving the survey results, I discovered that the house is located less than 1 foot over the sublot line (see attached image).Here are the options I’m considering:Rent the current house for market value (~$1,500–1,600/month) and convert the detached garage into an ADU to rent for ~$1,000/month.Relocate the house to split the lot, then sell the newly created lot (~$100,000) while renting out the existing house.Relocate the house to split the lot and build a new home on the second lot.Demolish the current house and garage, split the lot, and build two new homes.At this time, I am uncertain about the cost of relocating the house.Questions for the community:Has anyone faced a similar situation?

With careful planning, you can develop a portfolio that consistently outpaces inflation and helps secure your financial future.I hope this helps.

You can contact some local property managers and get a better idea of the rental market.

I'd work on a strategy that returns my capital guaranteed. build to rent direct with ground up developer does this.

Which market do you have experience in and how is your experience working remotely with your real estate team in the area?  

I bought some commercial properties (5, 6, and 11 units) and they were all off-market and seller-financed.Learn how to make the numbers work for you and the seller.

I'm actively searching for my next investment and would appreciate any advice from seasoned investors and developers.

It’s a market where cash flow is achievable without needing a massive upfront investment.

Markets like Texas (San Antonio or Dallas) or North Carolina (Charlotte) could offer better cash flow with lower costs.

Low or no down, seller financing and low or no interest with a balloon payment later is the holy grail (location, building condition, market also matter but it sounds like you have all that).