Quote from @Rou Odab: Some of these things would come up on a home inspection, but since we are past that I would do a couple of things.

Quote from @Erik Estrada: Hi Randall, What kind of home is going to be built on the land?

I am not interested in being a slum lord; I prefer nice homes in the 350-450k range that have a good chance to appreciate and that attract stable renters with good incomes.  

If you choose to go with a first time home buyer program, you would need to identify all the terms and advantage of that as MANY are available.

Quote from @Dena Sommers: I own a home that is too large to rent - no demand. 

In The Tampa Bay Area local investor in the items inside the home/business but looking to get with the right people to build a team.

To answer your question, if the home is priced at market rent, we are seeing our rentals lease out in 25 days.

But I purchased land in cash and leveraged it to build a new construction stick built home.

I am currently self employed as a GC with my own company: Carolina Premier Homes.

We sold a wonderful two unit STR in Depoe Bay in 2024, which generally is a no-go zone but has neighborhoods with specific commercial zoning that allows for vacation rental usages as well as a brand new development of luxury homes that allows STR usages similar to Olivia Beach in nearby Lincoln City.