This aligns well with your goal of achieving $11K/month in cash flow and retiring within 5-10 years.

This could be an opportunity to add value by offering to help with clearing or relocating those items as part of any potential agreement.Why This Could Be a Good Move for YouYou see long-term potential in the property, especially with the large lot and development possibilities (even if those are years down the line).As the current tenants, you have the advantage of a direct relationship with the landlord and familiarity with the property, reducing competition and risk.This could be a chance to lock in a property that you might otherwise lose if it hit the open market, especially in today’s competitive environment.Challenges to ConsiderIf the landlord is emotionally tied to the property or reliant on rental income, they may be reluctant to sell.Financing could be tricky, especially with today’s interest rates and the gap between the current rent and what a conventional loan might cost.The development potential you’re interested in is likely a long-term play, which means the property could be financially tight in the short term, especially if you’re only breaking even or slightly negative on cash flow.Structuring a Potential DealTo make this feasible, you’ll likely need to explore creative financing options that align with both your financial capacity and the landlord’s goals.Seller Financing: Propose a deal where the landlord acts as the lender, allowing you to make monthly payments directly to them.

Resort and vacation destinations tend to perform well, but it’s critical to research local laws and trends to ensure the property aligns with your financial goals.What type of investing are you leaning toward?

I’d be happy to chat and help you narrow down areas that align with your goals.

Starting locally vs. out of state:I always recommend starting locally if it aligns with your goals.

According to the Justice Department, RealPage’s algorithm allows landlords to align rents with their competitors by analyzing sensitive data, from renewal rates to occupancy trends.

In my opinion, maintenance markups do not align incentives of the property management company with the owner client.

Your best bet would be to find a portfolio lender whose niche aligns with your investment strategy.

It was my back being out of alignment favoring that leg.  

I have even had to remove the skeletal remains of disconnected K&T that was totally cut and not in use due to my insurance company wanting all existing components whether functional or disconnected to be removed.