Meaning you may be able to do some cosmetic or smaller renovations like bathrooms or kitchens in your duplex when the tenants turn over and those smaller investments can demand higher rents, so in the longterm you may have more cashflow from the duplex to help fund a future investment in another property while you wait for market conditions to change.

If I were to do month to month , do I re sign a lease stating month to month?

Let's re-visit this post next year and see.

Is it possible for her to buy the house/land then we subdivide the property (property has an approved preliminary plat for subdivision into 2-3 separate lots, electrical and pluming lines have been put in place for future development).

A great way to start is by attending RE events and joining a local investors association.

I found your post while looking for my own info about doing a potential rezone that would allow for future development in Denver.

Yes, I would like you to paste them so I could see them and possibly use them in the future.

As someone based in San Diego, I’ve also noticed that investors eyeing California real estate tend to focus on potential future development or expansion (especially if you have the patience to navigate local regs).

The losses just pass into future years that will eventually offset future gains.

You're going to have to spend a bit of time researching markets but I think picking a market you like to visit is always good. every vacation becomes a write off!