This could involve offering a higher interest rate in exchange for reduced upfront costs or deferring payments until a certain milestone.If building right away isn’t feasible, consider buying the lot now with the goal of paying it off over time, and save up to build when rates and budgets align.

Hey @Craig SparlingLove seeing someone approach real estate like Benjamin Graham or Warren Buffett might tackle stocks... methodical, data-driven, and grounded in fundamentals.

We have retirement accounts, a small private stock market account, and an emergency fund. 

I have $55K in the stock market at the moment and plan to save (and grow) the remaining in the stock market until I have enough to pay off the entire mortgage. 

Do we need to go through the whole condemnation process to qualify the transaction for a 1033 exchange?

Plus, since they can cut and paint to size, shipping costs is less, and they stock way less material on hand.Imported treated pine lumber is astronomical since their pines trees were wiped out by the pine beetle and they also don't have a coating/impregnation process for the raw timber.

Might it be smarter to offer a slightly lower monthly rent in exchange for a tenant who feels more content.

Consider putting it toward another property, stocks, or even a high-yield savings account so it’s working for you instead of just sitting there.

Unlike investments in stocks and mutual funds, crypto investments allow loss harvesting without the 30-day "wash sale" rules.

Quote from @Ian Ippolito: Quote from @Michael Plaks: Quote from @Ian Ippolito: Quote from @Rud Sev: 3) Unless you're doing a 1031 exchange  at the end or similar tax structure to defer taxes, you will have to *pay back* all that depreciation benefit at the end (on sale...which for you is in 5 years)  via depreciation recapture.