Well to be fair, when I was starting I did a lot of 'unconventional' things to be able to buy and build/grow.  

It is not much larger than my tankless, but my tankless is fairly large compared to many.  

A fair price reduction would be based on the original price per lot ($12,000 x 5) or $60,000.

It is time for us to modernize our practices.We are a fairly basic operator/developer with a few 3-4 unit buildings.

I've tried many different strategies, and all have turned out average...economy of scale and systems & processes play a key role in long-term success.

You don't get to pick them.The math should be fairly elementary. 

There's a price/rent lag because leases are typically for a year so there's the delayed effect of old leases playing out before upward pressure on rents does it's thing.With that said, there's also your ability to refinance out of that rate and improve the rentability of it that way.

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

In my experience, they use their own judgement of what is right and fair over legal correctness in many cases.

Like others mentioned above STR's have become quite tricky but mid-term is still fair game and not subject to the same restrictions.