The property is zoned as a SFR house and likely in a neighborhood of the same.Was the property not appraised by the bank when you got your mortgage?

Because EVERYONE wants to sell their house fast.People who list on the MLS want to sell their house fast, people that want to sell their house FSBO, want to sell their house fast.

Here is the BEST way to develop an understanding of the risks and rewards of redeveloping your propertyBEST - Hire a CRE - Counselor of Real Estate to do a complete market analysis.  

One is a non-conforming duplex, the other is a flip with lot split-development opportunities.

Our current focus is workforce and affordable housing investing.

🎉 As we kick off 2025, I want to encourage all my fellow Americans stationed in Germany—or preparing to move here—to start thinking differently about your housing allowance.Did you know that your housing allowance could be more than just a rent payment?

Hello @Fulati,With that budget, I would look for houses in East Memphis, Cordova, or Bartlett.

The neat thing with TDR is that, after you've sold off the residential development rights, you still own the land and get to use it in all the same ways as before, except that you can no longer build houses on it.

As you develop the park I would strongly recommend your homes be individually metered for water, sewer expense prorated and garbage paid by tenants via individual can service. 

Destin is a great spot for house hacking—tourism is strong, so renting out part of your property could help with the mortgage.