If you have some free time I would really appreciate talking to you about the area. :)  

Selling off part of the land could free up some cash without losing the whole property.

Feel free to connect!

Hope that helps, and feel free to reach out if you want to dive into this more!

In your scenario you'd have a potential tax event on that $200K difference.Here's a creative way to access most of that money tax free however. 

Alas, this scenario didn't last very long, as you would expect in a free market capitalist society -- new money flood in, more STRs in supply, property prices increase, STR incomes decrease, until a new equilibrium is achieved.Nowadays, the word STR is being used to describe both the property and the business.

An LLC is not free.

Feel free to reach out if you need any assistance or have any questions!

I assume a higher upfront cost as far as land purchase and the actual build but you would have a brand new house, instant equity and hopefully maintenance free for quite a while.

I currently work with investors to build their portfolios with Turn-key long-term rentals, making it hands-free for the investors.