Only rental cabins catch on fire and not primary residences.In all honesty, though, I would agree that something that size should be treated more as a commercial property any way and the sprinkler system makes sense to me.

I've narrowed down the best return for my money in this market to a 2 bed/2 bath (with top tier amenities) - about 500 total 2/2 listings.I'm finding myself a bit stuck when analyzing why certain properties are making so much higher than the average listings when they seem to have very similar locations, amenities, style, flow of home, beds/# of people they sleep, reviews, number of reviews, etc.

So you have to have a great property and manage it well.

If it was me...I'd check with zoning to find out how many dwelling units I could build, and I'd find what the requirements are for those units (type of house, height and setback restrictions, etc.).Then I'd find out what local builders think the cost to construct would be - just get a cost estimate per square foot for 2 or 3 different levels of finish.

Welcome to BiggerPockets!

congrats on the Naca program I have sold a  handful of my OREO to Naca buyers.. its a great program takes some resolve to go through their initiation process. 

I think the charge is fairly nominal from what I have seen.

Let me know if you’re up for some seafood.  

We have a team of experienced agents ready to find you your next great property!

The reason being they did not want to be caught in a lease and have to deal with potential lease issues down the road.