You'd learn and potentially earn a profit at exit.Another way is to wholesale the land.

Consulting a tax professional now can help structure ownership and financing efficiently, ensuring you take full advantage of deductions, depreciation, and potential tax-saving strategies like 1031 exchanges in the future.This post does not create a CPA-Client relationship.

That said, weigh the cost of renovations against the potential increase in appraisal.

Typically, I run a current income/expense column next to a ProForma column to show potential value add opporunties.I agree with @Robert. 

The neighborhood has been flourishing, making this incident highly unusual.What initially drew me to the property was the potential for high rent and strong cash flow.

I wrote a letter to the HOA yesterday explaining why the door was needed, how security would be very tight, and how the HOA itself could potentially be responsible for any ADA fines/penalties if they are found to the "barrier to access" for ADA as they control the lobby.We have a tenant lined up and obviously this is causing a major issue. 

You can then measure the cash flow impact versus the potential cash you would obtain upon a sale.

The more that you talk the more potential buyers see what they are dealing with.Lori you purchased a property that was occupied.

Building a trusted team is key, so starting that process as you actively search for your market will put you in a strong position moving forward.River - Would you prioritize meeting these team members over going to see some potential properties for a first visit?

I’ll see how the numbers work with very little off season occupancy and see what the mid term rental potential is during these months.