I also have a realtor looking for short term rentals at Grand Lake, Oklahoma, where I have my vacation home, and I have a realtor friend licensed in Missouri and Arkansas whom I'm going to contact to look in Joplin, Missouri and Bella Vista, Arkansas.

(Noticed I didn't include architects in that list - from my experience most architects are great at building design but shouldn't try to do land planning.)If you have never done any development like this before than it would make sense to partner with someone who has (or flip it entirely) once you have a site plan of the property's potential.

Now that Trump won the election, I wanted to get a discussion going about what potential impact this could have on towns along the Rio Grande Valley like McAllen, and Brownsville, Texas.The population growth in these towns has been great over the years making it a worthwhile investment.

If not, hire a professional architect or floor plan designer, or use tools like RoomSketcher, MagicPlan, or Matterport to create them.

If you want to hit the projected numbers or even outdo them, your property must stand out in location, view, management, and especially design.

Some of the simpler asset protection solutions would include the following:  having max funds allowed in qualified retirement plan or IRA rather than personal as retirement plans are exempt assets in Federal and most state bankruptcies; investing through an annuity if your state (Florida and Texas for example) exempts insurance policies and defines annuities as an insurance policy; taking advantage of maximum homestead exemption in your state; use of corporations or more popular LLC or Series LLC to limit liability to the entity holding the asset; reasonable liability insurance if available; separating asset ownership from asset management; etc.I can design a simple, cost effective asset protection strategy of up to about $5million with little cost IF the individual resides in Texas or Florida.  

Purchase price: $515,000 My vacation home on Grand Lake What made you interested in investing in this type of deal?

Some had other events in other states designed to elicit high emotions and fun, solidifying what was basic information as something secretive, which it really wasn't, it was just more enjoyable and easier to learn in the 'fun zone'.

Invest in Opportunity Zones: Reinvesting capital gains into Qualified Opportunity Funds, which invest in designated low-income areas, can defer and potentially reduce capital gains taxes.6.

Navigating NYC's zoning regulations can be complex @Jon Pflueger, especially in M1-2 districts, which are primarily designated for light manufacturing and commercial uses.