HI @Ananth SubramanianI have not been in your shoes but have read others that have and from what it sounds like getting the judgement is the easy part and physically collecting the $$ from the tenants is the hardest most impossible part.

There were curbs and some drainage structure, but at that time there were not any foundations in place.   

I’ve realized I need additional help—someone local, like an assistant.Here’s my idea: I was thinking of purchasing a small piece of property and putting something modest on it, like a single-wide home or a similar small structure.

If you don’t owe then, everything is profit without paying overhead depending on the structure of your lease.

You can also structure a DSCR loan with no PPP however the loan will generally be more expensive than a conventional loan.

However, Opportunity Zone investments require careful structuring to ensure compliance.Evaluate your priorities: If starting a business is the main goal, proceeds from your primary residence (with the capital gains exclusion) might provide the simplest funding option.This post does not create a CPA-Client relationship.

Being in NY maybe something to do with physical document transportation?

Property comes with amenities such as swimming pool, outdoor grills, playground structure and each unit has washer/dryer connections.

And in my opinion both have their pros and cons and neither is superior to the other (and that's why I have both in my portfolio).Passive investments can be structured in virtually any way and usually they pass on the exact same tax benefits as direct (at least from the ones that I consider to be "acceptable").

That term is generally used when zoning has change, such that it if the structure were destroyed, it could not be built back.