That gives you options to expand, hold, or sell land if the income isn't there. 

However, if you sell stocks at a loss, those capital losses can offset capital gains and up to $3,000 of ordinary income annually.

A six-figure gift will likely have income tax implications.

I am planning to build a business to replace my income in couple of years so as to have monthly cash flow equal to my W2 income.

They can provide guidance tailored to your specific situation and help you navigate any state-specific requirements.If you're considering investments in other states, like Arizona or Texas, it's worth noting that some states, such as Texas, don't have a state income tax, which can simplify the process. 

That said, there are some things to consider....The reason the other people on this thread were talking about a lease is because of your debt to income ratio.

With the sale of the rental my income was over 150k.

You will get away from income taxes and annual registration fees by going to the townships, but your property taxes skyrocket which may offset some of the rent increases.

A more typical rule of thumb is to budget 10%–15% of gross rental income for maintenance and repairs over the long term, depending on the property’s age, class, and location.

We have an accountant with a chart of accounts to manage everything but I do not see why you need one for operating expenses vs. income.