These low quality tenants are more difficult to get rid of.

GC's are all very well prepared in contracts now post covid, so there will be job stops when there isn't $ to cover those job cost runs. 

The CF is only playing catchup to the cost to you of the property. 

Costs and Timeline: The process of splitting and developing lots can take time (1.5 years) and may involve significant costs for permits, construction, and other development fees.If you want to learn more about how SB-9 can work for situations like this, check out our website "CityStructure" for more info and helpful resources.

I kept the rent low because the tenant was there for a long time. 

BiggerPockets Pro members will have access to all Stessa core functionality and advanced features, like unlimited portfolios and SREO, all at no additional cost.

My total cost is 40k, can resell at around $130.

If you have an issue, it gets costly quickly. 

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You will learn the cost of maintenance/cap ex and how tenant quality plays a big role.