Quote from @Jay Hinrichs: one  way i know to replace 350k a year with 750k is to build new construction and sell it.we pretty much double our money COC with new builds within 12 months.So you pay cash for the lot  get a construction loan and the hard part is going to be a GC you know and trust.. sell the house double your cash on cash or better.. pay your tax and keep going.Or invest with a developer and do value add by creating building lots those are easy to 2X or better more risk though.

Future land appreciation in this area might outweigh any tax benefits from buying in other areas, with a better (tax-wise) ratio.Before pursuing your plan, talk to a real estate accountant to figure out if you can, in fact, benefit from cost segregation.

Quote from @Danielle Levy: Lesson learned: provide the full story up front and you'll get better advice.If you feel there's a case, put together all the evidence.

Do you think putting it in a land trust would make things better for them? 

Higher-quality areas attract tenants who are more reliable and tend to take better care of the property.

But if you feel like you can learn the same skills on your own through experience and other resources, saving that extra tuition for your first investment might be the better move.

Can a professional accountant do it better?

By focusing on effective time management, clear communication, building your network, and implementing a solid marketing strategy, you’ll be better prepared to navigate the ups and downs of the real estate industry.

i wish i had better news for you but it's probably not feasible in the short term to replace your W2 income with rental income. 

So, perhaps hiring a couple day laborers to help them move or even paying the 1st months rent on a storage unit would be better.