Additionally, another neighbor who owns an adjacent parcel has expressed interest in joining the project, contributing their land to the development as well.I believe this could be a great opportunity for all of us, especially as a unique retirement plan for my family and my neighbors.

If you want more info, send me a PM and I can send you a link to an article that explains further. 

Quote from @Nick Am: @Michael Plaks--> The SE taxes are STRICTLY NOT in addition. 

Additionally, high-income earners with modified adjusted gross income (MAGI) over $250,000 (married filing jointly) may be subject to the 3.8% Net Investment Income Tax (NIIT).For 2025, bonus depreciation is at 40%, so consider leveraging it for eligible property assets like appliances or fixtures to accelerate deductions.

Additionally, please share if this was a scam or not.

AAPL is another one  that is just a private organization that teach's folks how to lend their own money or others in states its legal and they have courses and info and a big convention etc and you get to say your certified AAPL lender ..

It was held by the previous owner for a very long time, so I wouldn't be surprised if some basic facts about the house are incorrect.I was making an offer on a house a couple years ago and discovered that the owner was paying taxes on an additional house that was on the neighbors lot and didn't know it!

I was interested in something like owning a rental property as a way to generate some additional income. 

We’re fortunate to have an above-average income and live well below our means.This summer, we’ll be moving to Detroit (PCSing in August), and we’ve saved about $120,000 to invest in addition to having funds set aside for the home we’ll purchase in Detroit.The reason I’m posting is that I’m struggling to decide how to best allocate the $120k.

These are professionals with additional training and a stricter code of ethics.