@Joseph Kirton How much time do you feel is needed to be successful?

and 5 years is a long window for things to change in ways we don't expect (lower interest rates maybe??).

Lancaster city limits short term rentals to only certain zones of the city so definitely look at the city website for that information.

Definitely a strong location with great visibility and high foot traffic.Since it’s a NNN,  your expenses are minimal, but if LazyDog ever exits, buildout costs will depend on lease terms and the next tenant.

Long term $ can range from 6's-10% range depending on all types of factors - LTV, location, unit count, debt coverage, borrower strength, full doc or lite doc programs, etc..

At the very least she will be able to carry forward the losses for a very long time, helping her get into cash flow positive status much faster. 

Leverage your construction skills for flips, start with smaller projects to minimize risk, and consider house hacking or long-term rentals for a steady income.

I do outsource my Taxes, but I meant having a Real Estate Tax Accountant or a CPA who I chat with to help create me a long term strategy.

On 11/15/2024, we successfully sold it for $200,000, delivering a remarkable return.

Deciding whether to sell or keep renting really depends on your long-term goals.