thanks for the guidance @Kaushik Sarkar Since it's development it will take longer to get to the exit. 3 years could be right depending on the market, if the project requires entitlements, how long it takes for permits, no major utility obstacles, etc.

Those are long plays for me.

I don't believe "waiting it out" is an effective strategy.

Think of it as s long term investment that will save you headaches down the road. 

On Long Island 250k won’t buy you a house.

Purchase price: $145,000 Cash invested: $15,000 I obtained the home 9 years and am holding it for cashflow as a single family long term rental.

I'm still using it for flips and other investments but not trying to be long HELOC loans as 10% is still expensive money.If you want to talk more, I'd be happy to have a conversation.

I've seen many landlords that get lucky with good renters for a long period of time, then everything falls apart when they have to deal with real difficulty.I looked up your property on Google Maps, and the street view looks bad.

We do a ton of them here in Chicago and everyone of them is a great long term success!

The Long term, after some reserves, I'd like to bring down the assessment costs since I worry that this will negatively impact the property value.