I spent the last almost 3 years doing my due diligence learning the lay of the land.

However, since I am hoping to sell the land first.

As we move into 2025, these trends are shaping how we approach renovations:Open Floor Plans with Purpose: Open concepts remain a top priority, but it’s no longer just about tearing down walls.

Look at all of the losses you can count against your rental income.Now look at line 18.Line 18 is usually:(Value of your property) - (Land value) / 27.5 years.

But I would also make sure that you get a sewer lateral scope done to ensure the cast iron piping is in good shape. 

Should the bank ever need to foreclose on the property, they can’t sell the building without the land or the land without the building.

The units were in rough shape before we worked on them, but after the work was complete it turned into a good first investment.

Even when financial goals are met, the experience shapes how owners and tenants perceive the property.

Say my neighbor wants to buy a 1 millimeter strip of land along our shared property line for 450k. 

@Dhruv Patel I believe you are getting ahead of yourself....Where in the US are you all-in (land acquisition, soft costs, hard construction) on new construction multi-family for $100/ft.