Southern border of the land is Wilson Creek (a large, well established, full time creek with old growth trees)Approx 1 acre of non-recoverable flood zone along length of creekTwo small ponds on the property, which can be filled in to utilizeSmall neighborhood to East of property line with utilities ready and available for project Currently a couple of older homes and barn structures on property (100% liveable and well maintained)Wilmeth Rd is currently expanding down the block to a 4 lane road which connects to Highway 75 in McKinneyLarge developments are underway within a 1/2 mile to 3 miles out radius<4 miles to Costco, ChickFilA, WholeFoods, Cinemark, major hospitalAT&T Fiber and Atmos Gas at front of propertyA water well can be run, if desired, or tap into the city's water (currently on city water and has large main at front of property)A CE firm has drawn up plans for a small, 12 home, 3/4 acres development.

I have a couple property in MI.

A couple of things: - If you put more cash down, perhaps there are opportunities on the debt side that emerge - can you find assumable debt? 

@Phil Shelton, a couple thoughts:1.

Do you need all this for a couple of rentals?

My understanding is that excess business loss limits in 2022 are $270k for single filers and $540k for married filing jointly.

Quote from @Brienne Metcalf: Something to consider.I don't recommend gradual rent increases, for a couple reasons.1.

It has been on my to do list the past couple of years and looks like I finally need it 

This question is for the scenario of an owner of a property renting it to a wedding and event business that operates the venue, not a lease agreement for an individiual couple getting married.Thank you!

I left the free version of Stessa a couple years ago because of constant failed connection issues with my linked banks and credit cards.