I am considering purchasing empty lots priced roughly $10-15K below market value.My plan is to offer owner financing for the land.These lots have water, drainage, and electric connections available, and mobile homes are permitted.The area is experiencing significant development, with the lots surrounded by new single-family homes.I would really appreciate any advice, feedback, or suggestions.Thank you

Yes to avoid taxes and penalties (under 59.5) the money would need to stay in the retirement account.

I only have experience with regular single-family homes as STRs.

But it is very much applicable to single family rental and residential units simply by getting bridge financing and a post transfer cash out refi.

We all do the same thing, we just call ourselves different names and carry similar but different licenses:- CPA - Certified Public Accountant- EA - Enrolled Agent - Accountant - Tax advisor - Tax strategist- Tax consultant - Tax plannerIt all means basically the same.

If your property is residential single-family owner-occupied in a good area, the buyer has good credit, made a good down payment, and twelve or more on-time payments have been made, you'll be in the lower range.Note buyers, just like lenders, won't go above a certain loan-to-value (LTV) ratio.

If you know anything about duplex builders (most seem to be single family only?)

I got comment to submit a single plan.

If it's a fixer upper you would account for the rehab and purchase price then compare against the ARV.

Purchase price: $2,400,000 Sold a single-family home and did a 1031-exchange into a 5-unit building at a cheaper price.