This is why many of the national builders are emphasizing higher end housing supply in their development pipeline.  

Be clear about how the property is developed and how it will be used.

It explains the team that you should develop to have a strong foundation under you while investing remotely.https://www.biggerpockets.com/blog/core-four-real-estate-team

It's also near developing downtown and hospitals.

It's one of the hottest markets in the US right now with some of the fastest population and job growth and companies moving and developing here.

Originally posted by @Jamie Psmith: you have a certificate you will have to wait the 3 year redemption period out, obtain the tax deed and then you can move forward with developing the lot.

Currently work at SpaceX on the Falcon 9 team in Vandenberg SFB in California, Founder of Code Harbor, leading web development for aging industries.

I'm assuming this won't be rented to a Section 8 tenant, but I often work with my CFO clients and set a "minimum rent" for their property at the Fair Market Rent (FMR) and usually increase it from that number based on the developer's desired tenant.

Consult with a qualified tax advisor who understands these limitations and can help develop a comprehensive strategy aligned with your specific situation.Remember: The best tax planning looks beyond immediate deductions to your complete financial picture.

First, developing your awareness of the STRs around you is key to knowing how much someone is charging at any given time, the market's occupancy rate, and how much revenue your competitors are driving in.