Now you have serious cash flow, property management in place and you can sit on a sandy beach anywhere in the world.Agreed, having a dozen room turnstile AirBNB may generate more short term rental income but the turnover is bound to demand more time while creating more wear and tear.Good luck.

Thank you @Sandy Thomas!

I work with two people there, Lonnie and Sandy.

Lindsey, most likely no one is going to be able to drill down on your estimate range any further. 50k might be a bit high but in horizontal construction so much depends on the specific site (soil quality, is the lot sloped or wooded, do you have water/sewer at the main road of your future subdivision etc.).

: New York-Newark-Jersey City, NY-NJ-PA MSA Los Angeles-Long Beach-Anaheim, CA MSA Chicago-Naperville-Elgin, IL-IN-WI MSA Dallas-Fort Worth-Arlington, TX MSA Houston-The Woodlands-Sugar Land, TX MSA Washington-Arlington-Alexandria, DC-VA-MD-WV MSA Miami-Fort Lauderdale-West Palm Beach, FL MSA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA Atlanta-Sandy Springs-Roswell, GA MSA Boston-Cambridge-Newton, MA-NH MSA Phoenix-Mesa-Scottsdale, AZ MSA San Francisco-Oakland-Hayward, CA MSA Riverside-San Bernardino-Ontario, CA MSA Detroit-Warren-Dearborn, MI MSA Seattle-Tacoma-Bellevue, WA MSA Minneapolis-St.

Just ran into a Realtor that bought a flooded out property after Sandy hit Long Island.

Spend a day shampooing a soiled carpet and scrubbing out a stove or shower. 

Harlan and Associates in Sandy Springs has closed several private loans and complicated investor-type deals for me.  

Like a couple years ago when we were building  an addition and found contaminated soil and an abandoned oil tank .  

The soil was extremely rocky.