Also think about the down stream affects not only to the fire victims  but those in contract to buy or sell..

Having a GC that will provide good documentation, itemized receipts, etc. will make the process much easier I've noticed. 

I also have multiple streams of income and the ability to reduce my expenses sharply if needed to payoff a major unexpected expense.

As expenses fluctuate (property taxes, insurance, maintenance items, etc), the cash flow will be up and down and unreliable.

Can you build and sell 350 in 3 years and then give me lifetime revenue stream on I guess lot rents for the rest of my life or do you exit year five? 

Do negotiation with the tenantIf it is item 2, what are the do’s and don’ts

Protection from lawsuits is a big item to consider as well, especially in higher price range properties. 

Once I get to a point that it is making enough per month that I feel comfortable taking money out of the business that would be when I get to the point that it is worth have a specialist assist me in all deductions, credits, and future items that will help me to transfer from a W2 to working for myself fully.

Investors focus on adding Accessory Dwelling Units (ADUs) to increase income streams.

Whether we agree with these items or not, the following are inflationary government policies: stimulus, student debt relief, tariffs, increased child tax credits, limited immigration, and big government deficit spending.