Some were purchased specifically to be MTRs & others were conversions when it made sense.  

This is an area I’m always curious about, so let’s keep the conversation going! 

Maybe the answer isn't "replace your W2 as quick as you can" but maybe the conversation needs to be how can i lower me expenses, while still enjoying life, and maybe just doing a job that pays 200k with no expenses and a few rental properties that bring in some income.

there is a reason so few flippers do ground up or garage conversion ADU additions.  

I wear two hats in this conversation: as a licensed agent, I have a fiduciary duty to my clients to ensure their best interests are always prioritized.

Since conversion to Roth creates a one-time tax hit, it should be carefully planned.

That conversation could be revealing in and of itself.

We have had this exact conversation with several different trades, never a GC. 

At a minimum, having viable plans in place for development will make these lots more marketable and valuable to potential builders when we have conversations. 

One of my recent failures was underestimating the importance of clarity in conversations with potential investors.