Although there are many issues and questions for you to knock out, the underlying question is to build or buy.Building or developing, you have two profit streams. 

BULLYING of any kind is the reason kids (and adults) have taken their lives, so I stand against it in every form, and on every level... light or large.If someone wants to BULLY and I happen to witness it, well, what a sad day for them.Only one person (along with his "little" friend) took this stream off track. 

To me the quadplex would be dual purpose, while you are not living there it serves as a reliable stream of income, once you move there, you could live in 1 of the units while you build your permanent home, and you could also use it for when your family comes over for large gatherings.A 2nd option might be to build an RV park, Unless their are zoning restrictions, you should be able to build one fairly inexpensive, with a septic system and either public water or a well, you can keep your costs to a minimum by doing gravel roads, which are easier to remove later if you don't want them. 

However, if you’re interested in maximizing your investment, multifamily properties offer multiple income streams and economies of scale.While current interest rates are a factor, the favorable conditions in Memphis may make it worthwhile to invest now.

Hi there,It sounds like you've built an incredibly diverse and successful portfolio, balancing multiple streams of income and managing your own rentals, which is no small feat.

My ultimate life goal revolves around investing in communities where I can actively contribute to the flourishing arts scene.Lately, I've teamed up with a group of like-minded friends and investors 🤓, and together, we're embarking on a mission to acquire properties in out-of-state markets that are closely tied to artistic hubs.

I hope to never sell this cabin (nor likely any of my others), as they are providing a lifetime stream of income, a place to vacation, and will do the same for my kids and their kids one day.  

People gets locked inside factories in China to prevent thefts like they did  here in the US in the 1910s.Please keep in mind IF we all support oligopolies, the download/streaming business can end up like the internet server provider/cable business, where you and I have no real choice anymore.

@Nicholas WhelpleyTo assess a property's potential beyond the 1% rule, consider factors like cash flow, market trends, income streams, house hacking benefits, risk management, long-term vision, and professional advice.

Income approaches (direct cap) are most relied upon in MH parks because the buyer is buying them as an investment and its the income stream that you are essentially buying.