There are a lot of other issues, but for you as the owner, the main one is usually do you have to have the current tenants out to build (no income) on to the existing property or are you going to do a knockdown new build?

Hi @Richard BautistaYour red flag is also my red flag.As an agent who helps investors from out of state the main thing that I always tell them is to FLY OUT TO SEE THE PROPERTY IN PERSON.

Our house is in the R2 zone (4 blocks off main) and the process to transfer the permit back in March was a breeze.

And lastly how about the extra squatters that do have income and are paying the main squatters $$$ for subletting.We need to put up a fight and “DEMAND” what’s owed in backed rents and if the squatters don’t comply than see the them in court with an UD along with including All the John and Jane Dows that are squatting with the main squatters and most likely hit them with a JUDGMENT with a DING on the main squatters credit including his wife’s credit along with wage garnishments.

Be sure to factor in management complexity, market research, and your risk tolerance as you evaluate options.Without a W-2, HELOC approval can be tricky, but some lenders will work with retired individuals, mainly if you can document stable income (rental income, retirement funds, etc.).

I view this as a brrrr hurdle and why i have not purchased for brrrr since Dec 2021.so what can be done about it?   

Tourism is a growing segment, but by no means the city's main producer. 

If you are looking to passively invest I would recommend finding a company that is vertically integrated so you have one main point of contact from start to finish.

Gutted main floor and new construction second floor for added sqft. 

The main problem in the United States is that most of us are NOT taught about money.