For the 15 + years I’ve been on BP I’ve seen this reasoning, though there’s less of it in the last 5 years.

I was a Navy submariner for 21 years and really focused the last 6 years on growing our portfolio.

My recommendation is to partner with th someone who has a lot more experience before jumping into a syndication after owning one property for less than a year.

We have been helping the general public for a couple of years with a variety of designs and floorplans for their Tiny Homes.

To set the scene: A cost seg study breaks your property into two important categories:1250 "real" property aka the building, foundation and other long life assets.1245 property aka anything that can be accelerated such as 5, 7, or 15 year property like carpets, cabinets, or other site improvements.

Jackson County TDR is working hard to position our area as a year-round destination, and it is catching on, but I wouldn't count on significant, year-round cash flow from a vacation rental here.

I've been studying real estate investing for a solid year.

Either way, you have options which is great to have at 22 years old with equity in hand!

My duplex - built 1989, 2,060 sf, 2 bed/bath, 1 year old roof, value if I subdivide (county already approved) and sell each separately $150k each ($300k total)Investor duplex - built 1995, 2,300 sf, 2 bed/bath, 5 year old roof, value around $310kThe investors initial request was for an equal trade and they would pay realtor fees, which I replied wouldn't be equal due to buying/selling costs (recording fees, title insurance, closing fee, survey, inspections, loan fees, 1031 fees, accountant fees, repairs), taxes would increase due to new sale price, I'd trade a 3.75% mortgage for a higher one, and I'm on the 10th year of a 30 year loan so resetting that to a new loan would restart amortization and pay more towards interest.

What are your thoughts on putting new construction in a B+/C- neighborhood? Everything around the lot is older but the neighborhood is less than 5 minutes away from downtown, hospital and colleges.