Explore multifamily or out-of-state investments for higher yields.Setting up an LLC provides liability protection but has no tax benefit for you now.This post does not create a CPA-Client relationship.

I work closely with many buy and hold investors and would be happy to share insights or explore ways we can collaborate. 

Additional Resources to check, 'FYIs', in case you want to learn more about rezoning in the future)-Look up your address on the city's zoning map here to see how properties in your immediate vicinity are zoned.

How do you finance the tear down do you add it to construction?

Reach out using the message system if you have any direct questions or want additional advice.  

Additionally, what do you look for in a property to increase the value i.e. what are typical items to target?

If you’re wondering how much equity you’ve built or how you can use it to meet your goals, connect with a local real estate agent to explore the possibilities.

You might also explore the possibility of refinancing the ranch and using that for down payments on other properties - which I'm some others might label as too crazy.

Additionally, any existing restrictions at the town level (there are MANY) will be abolished, unless deemed "reasonable" by the state.

Additionally, forming a new LLC may require obtaining a new EIN and business bank account.This post does not create a CPA-Client relationship.