@Tom Gimer Thank you for your measured response, I appreciate your willingness to take the time to engage on the issues with me on this in pursuit of an answer.

We are considering subdividing our land in pursuit of potential passive income.

Best of luck in your pursuit!

Even if I do, is the pursuit likely to be worth my while, or am I better off just letting it go and focusing on finding new tenants?

It is a phenomenal forum - and your appreciation of the forum will only grow over time; as you move forward in your RE pursuits,  it'll become an increasingly invaluable resource.You mention that you're using an IRA-LLC to invest and are considering MI, OH, and IN.

Coincidentally, I’m gathering that there a lot of similarities between pursuit of education and pursuit of real estate investing.

Then you can pick up some simple tasks (if you choose) but not lose focus on your real estate pursuits if thats the ultimate direction you're heading...Best of luck in what lies ahead whatever path you pursue!!!

We have started to make changes in our life in pursuit of financial independence, cleaning up our finances, educating ourselves, running the numbers, and now just have to pull the trigger on our first deal!

@Brandon Sturgill Hi Brandon it’s great to hear your experience with renting from afar and I’m sure you have a bunch of knowledge that can help guide me in my real estate pursuits.

I think you just need to buy your inventory then resell it.. or if you simply want to make middle man fee's get a license and go forth in that pursuit.