Additionally, in the R-7 and R-8 Zoning Districts, you need a Conditional Use Ordinance from the City Council to authorize the conversion.

Since conversion to Roth creates a one-time tax hit, it should be carefully planned.

Collecting rent is something we don't talk about much unless it's not happening but I wanted to start a conversation about what methods of payments you accept and why. 

@Tim Horning correct but Ithaca already passed good cause so get ahead of it by having conversations with your town council members before their opinions on it become ossified

(I’m also in the UP) I know when I started, (and I’m still very new), I just went and sat down with several realtors, just chatted with them and just through conversation found one I liked a lot.

Some were purchased specifically to be MTRs & others were conversions when it made sense.  

One of my recent failures was underestimating the importance of clarity in conversations with potential investors.

At a minimum, having viable plans in place for development will make these lots more marketable and valuable to potential builders when we have conversations. 

If interested in having a conversation, DM me.

Finding what works best is always your responsibility as a business owner.Since there were a lot of people who were questioning my credibility, I am attaching my booking conversation for 2024.