I discovered this property through an acquaintance when it was nearing the end of pre-foreclosure.

Around this time I discovered Bigger Pockets and a bunch of real estate platforms online.

I borrowed $30k on a personal loan from Discover for 15% with no fees for a plot of land and paid "cash" for it.

Post pandemic, the secret is out and investors can no longer 'simply' operate a nightly vacation rental in most cities and regions.

The foreclosure attorneys discovered that property deeds were sold without my knowledge, and the new LLC owners could not be contacted. 

I discovered this property through an acquaintance when it was nearing the end of pre-foreclosure.

Spending the owner's money, not saying anything, and letting them discover it while reviewing the monthly statement is unprofessional.

However, after receiving the survey results, I discovered that the house is located less than 1 foot over the sublot line (see attached image).Here are the options I’m considering:Rent the current house for market value (~$1,500–1,600/month) and convert the detached garage into an ADU to rent for ~$1,000/month.Relocate the house to split the lot, then sell the newly created lot (~$100,000) while renting out the existing house.Relocate the house to split the lot and build a new home on the second lot.Demolish the current house and garage, split the lot, and build two new homes.At this time, I am uncertain about the cost of relocating the house.Questions for the community:Has anyone faced a similar situation?

I’ve built strong relationships with local agents and other investors in the Hamptons, which helped me discover this off-market property.

Save yourself the brain damage, clear it out, convert it back, discover a whole new class of tenant you can now get and enjoy the ride of eliminating 70% of the hassles this property delivers.