Hi,I typically rent my 3-bedroom property through a short-term rental platform, but I was recently contacted by an insurance relocation company looking to place a family in temporary housing while work is done on their home.

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.

(would like the property to go to family)The building is worth nothing as it is a manufactured home that sits on a foundation.

Yes. build to rent in urban core adjacent neighborhoods. traditionally in our market in Columbus Ohio existing inventory was good 2014-2020. as prices rose, the cost to build started to match existing inventory prices because of supply shortage, especially for 2-4 multiunit dwellings. around that time we started to look at new construction and land. we found that land is a 12 month or more supply in our market which makes it a buyers market and you can design any structure you want in new construction. if you like a layout or floorplan all you have to do is design it. after that we looked at the right unit mix and Floorplans and layouts. we started looking at high rent per square foot layouts that were better than single family.

I agree with where Nicholas is going, first, if it's feasible I'd recommend house hacking some type of multi family or even a single family that's local to you. 

Related parties include family members (e.g., siblings, spouses, ancestors, and descendants) and entities controlled by the taxpayer.

My goal for this deal is to purchase a cash-flowing multi family property to buy and hold.

My portfolio consist of duplexes and single family homes, and one STR, however this will be my first renovation other than minor touch ups. 

Multifamily property management is quite different than single family, I have done both. 

Investment Info:Single-family residence fix & flip investment.