Similarly, horse handling remains a vital skill for navigating challenging ranch landscapes.Fencing Techniques: Just as financial portfolios are designed for long-term durability, traditional fencing techniques are favored for their robustness in preserving the ranch's boundaries and security.Generational Ranching: Passing down the reins from one generation to the next is not unlike the legacy planning that investors undertake to ensure wealth endures.

@Jeremy Z. that is quite an undertaking considering all the parties involved.

New construction in that area is quite the undertaking.

I receive an error when I click on the graphic. 

It's also unencumbered by debt, purchased in foreclosure, and renovated to serve as a lucrative STR, yielding approximately $115k annually with a net cash flow of around $75k.My immediate 18-month goals include undertaking essential long-term maintenance and capital improvements to the Cape property (~$75K), which should augment the STR income.

Building multiple MFHs as your first step into investing is a big undertaking in my opinion...I know you want something new to lessen the burden of upkeep, but I'd suggest starting with an existing property.

Think both:)ADU: cash out of pocket -$80k, home equity +$400k, +$2200 cashflowFlorida :  -$80k out of pocket, 2 properties,+$3200 cashflow (not including expenses)Building new construction: This is a bigger under taking and a lot more work but could be worth itHopefully this helps, good luck!

Is this a feasible undertaking for myself?

I was fairly lucky with the inspection process and did not have any major undertakings to get everything approved.  

Reconfiguring the layouts to residential AND bringing these old buildings up to code is a big undertaking.)