You just need the right plan and the right people in your corner.A little background on me—I’m a real estate broker, investor, and developer out of Rochester, NY.

.- Current owners purchased many lots and they haven't developed them.

With the above said then develop a scaling model.  

@Dallas Smith To defer capital gains on your investment property, a 1031 exchange is an effective strategy, but the replacement property must be held for investment purposes for at least two years.

Didn't get into rentals on pupose but it's working out well and I want to continue to learn and develop my portfoilo.

From experience, finding a knowledgeable accountant is key for handling taxes effectively, especially when splitting expenses, claiming deductions, and managing depreciation.

It's our least developed beach.

Most STR markets have seasonality, and there are untold issues in the future that will effect cashflow. 

Wonder what they charge developers to access their capital resources.   

Bonus 4: develop a list of questions you want to get answers to before you do any opportunity.