I'm currently building multiple new construction projects in Lee & Collier Counties, both commercial and residential.

Let’s say a property is, in its current situation worth $300,000.  

How would the situation differ with a home that’s never been a STR but would become one, or a home that’s for sale now that is a current STR.

And now with rates being high, plus many areas overbuilt with new apartment buildings, I’d be careful with unknown areas, and also what you read in the media about “hot” areas, up and comers, etc.I was in a similar situation to yours a couple years ago.

However, after receiving the survey results, I discovered that the house is located less than 1 foot over the sublot line (see attached image).Here are the options I’m considering:Rent the current house for market value (~$1,500–1,600/month) and convert the detached garage into an ADU to rent for ~$1,000/month.Relocate the house to split the lot, then sell the newly created lot (~$100,000) while renting out the existing house.Relocate the house to split the lot and build a new home on the second lot.Demolish the current house and garage, split the lot, and build two new homes.At this time, I am uncertain about the cost of relocating the house.Questions for the community:Has anyone faced a similar situation?

I run multiple properties in B or C area and I maintain super host status every quarter.

Here’s the “skinny” on almost all subject to situations.  

I purchased sub2 a handful of times for fix-and-flip types of situations, where I was in and out of the deal in 3 months.  

Make sure you get his idea of what situations could require a fee.

However, you can likely sell all the properties in the required timeline to do the 1031k, although that will take some effort/cooperation between multiple buyers/brokers, considering the separate markets.