Just wanted to give an update on my original "Morris Invest Case Study".

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

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

Another might be a residential tenant whose child comes home from college and discovers black mold in her bedroom closet.Ideally, Tenant Estoppel Letters will be sent to them after the inspection and financing contingencies have been cleared and within the last week before closing.

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

Quote from @Duarte Marques: Hey BP community, I'm new to real estate investing and have been studying (reading books, watching webinars, constructing excel cash flow models,...) close to a year.

Study what has sold at a solid price and quickly.

These are the boxes with the deployable wings that can be fixed into drywall, rather than needing to be nailed into a stud. I

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

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?