Talk to your banker about your plan.

What did they say is the plan?

Over the next 5–10 years, I plan to scale to a portfolio of rental properties and eventually diversify into syndications.I’m particularly interested in the Lynchburg, VA market and other areas with strong rental demand.What I Bring to the Table:I’ve been saving aggressively, and I’m exploring physician loans to help get started with minimal upfront costs.I’ve done a lot of reading (shoutout to BiggerPockets books!)

There might be a time to cut losses and just sell it, or if it makes sense your other plan could work, as long as you pull permits and do everything carefully.

Dennis' dad and I actually tripped over something similar back in Chandler.. we learned to tap into city planning websites and even call the permit offices directly to get a real sense of their backlogs.

Are you planning to rent it out or live in it?

I would be planning to do some things before actually making an investment.

To do this legally, I know plans need to be drawn and submitted to the Planning Board.

I contemplated appealing it, but I figured I would go after the PM instead, which I plan to do.

Scott Bessent has officially taken the reins as the 79th Treasury Secretary, and his plans are already making waves.