We have an existing mortgage (backed by these 2 lots and 2 others) and given the increase in appraised value there is no need to pay anything back to the lender when selling the lot.

What about closing costs, rent ready costs, lease-up costs?

I also assume you’re investing in an area with increasing rents so look at 3-5 years out with increased rents an it better cashflow well if rent isn’t stagnant. 

.- Working a W2 as a firefighter, posting and consuming content- Leaving my W2 to dive deep into real estate investing and working as an agent... and still watching/posting content all while business was ok - Deleting social media apps (one have one on my phone that I use 10 minutes or less a day), diving deep into building my business and skills which have drastically increased due to pure focus and increasing my business significantly- moral of the story... focus on the things you need to do in business (dollar productive activities) and life experiences while reducing consumption will increase your success  

The carrying costs are low, but tenant was making partial payments by month 2.

I personally do not prefer to hold high cost SFRs as LTR investments.  

All they see is a 10% increase on a weekend, or month over month, and they call it price gouging.  

Cost of capital is high right now. 

Have you seen an increase on the rental side? 

Any tips on increasing income and lowering expenses?