Understand the neighborhoods, pricing trends, and rental demand to make informed decisions.Stay Open-Minded: The real estate landscape is constantly changing.

The average price per land for urban infill going 6-12 stories high on a higher density product is about 5 million an acre up to about 25 million an acre. downtown market premiums I've seen at the highest are 1200 a sq ft. in columbus you can get land about 1.5 million per acre downtown at best price, sells for about 600 a sq ft max, very little competition compared to miami. tampa I didn't really look at too much because miami has 22 zip codes that you can build at least 6 or 8 stories on and just a much better landscape than other markets. tampa is a little bit bigger than columbus but in my opinion more of a suburban market. miami is landlocked and very limited so everything is in redevelopment. both are amazing opportunities but the barrier to entry is much higher in Miami with the smallest plots of land infill going for at least 1.5 million I would say in areas like Wynwood Norte, Wynwood, etc. we looked all over but prefer east of 95 due to the condominium opportunities. multifamily is very strong in both markets but the condo premiums make it almost silly not to do one from the start and the use of deposits versus a single asset lease up and disposition is a longer sales cycle than the condo buildings being sold out prior to completion.

VTSTRA.org is a great resource for regulatory info.Hope this helps - best of luck!

There may also be local zoning or regulatory hurdles, so it’s important to ensure that dividing the property won’t create any compliance issues.

I understand Google continues to push into this space and disrupt the online travel agencies, so the landscape might be changing. 

Legal and Regulatory Compliance: - How do you stay updated on local laws and regulations affecting property management?

The damage to the property can be handled over the next several weeks (large tree on roof, landscaping destroyed), though it is unclear when we will regain power and water (potentially weeks beyond repair?).

.- One idea suggested is to put pebbles or small landscape stones.

I added a basement apartment to the house, redid the landscaping, and have taken care of some deferred maintenance on the house.

For example, one of our tenants gets discounted rent from April-October for managing the landscaping.