The transaction netted near $1m but he had a 50% partner (not me, his sister) so he netted half (land transaction on large scale ADU development - https://www.cbs8.com/article/news/local/working-for-you/new-...). 

Quote from @Sean Pedeflous: I own a duplex in Fayetteville Arkansas and the city is buying part of my backyard to add a trail which connects to a great local park.

This could be different in your state, always check with your local attorney.  

. - There are cheap ways for you to enter your local market due to OO financing that is not available OOS. 

Since when should any local govt have the right to tell someone they can't rent or lease their property or other items. 

I would recommend looking into local real estate meet-ups and networking with investors to get yourself on wholesalers email lists when they send out their deals.Hope this helps!

I live in SW Montana where there is a strong STR market and am considering buying a lot locally (2.5 acre overlooking the river/valley/mountains) where I could set up 2-4 Tipi's and rent portable bathroom/washing station for the lot.

Often times if you work with a local bank or credit union, you could get lower fees and a fair rate.

If you can't leave NY, I really wouldn't try to do a BRRR from that far away unless you have someone you trust who is local.

We provide a baked good from a local German bakery.