Managing rentals isn’t for everyone, especially after dealing with bad tenants, challenging property managers, and increasing costs.

Quote from @Conte Cuttino: Makes sense @Andrew Freed so say if we I can make it additional legal space, do you think the 107K left in the property for the return is worth it or should I sale and move on? 

Is it worth doing any work to it as an "owner", possibly me going the property management way, or just stepping away from it entirely until the deed transfer?

Accessory Dwelling Units (ADUs) are an increasingly popular way to generate additional rental income on an existing property.

They will typically take a cut of the development fee and it’s worth it.

I do not care what the source of the return is  Historically the highest return is via a value add and appreciation and is more so recently due to the recent rate increase versus earlier this century (before 2022).However, most new RE investors cannot handle extended periods of large negative cash flow.  

Cheap money and low rates produce euphoria, which increases flow of money to an asset, which pushes up the price to uninvestable levels.I think it's going to get worse than better in the short term.Gino

Also the school districts have been increasing property taxes in A LOT of investment properties thus eating some of our profits. 

Make sure you buy it low enough to make it worth the trouble.

Based on what my attorney provided, the plots aren't worth a ton of money, but since I haven't done a land deal I'm not sure if the actual sale price differs from what she got me.