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.

@Paul BogardTo rent out multiple bedrooms in Philadelphia, understand zoning regulations, consult a knowledgeable real estate agent, hire a property manager, and consider multi-unit properties, student housing, and co-living spaces.

First, what's your comfort zone for distance?

We can apply for conditional use permits, or we can declare the new unit through zoning as long as it meets all requirements. 

I live in a rural residential neighborhood that has recently been zoned medium density (townhomes).

It's middle class, low crime, clean & zoned in one of the top desirable High schools. 

For example, hotels or short-term rental properties like Airbnb often generate more income than traditional apartments, especially if the location supports it.Entitlements and Approvals: Check whether your project fits within the land’s current zoning (by-right uses) or if it will require variances or rezoning.

A whole sea of red flags waving, this is wild.

Costs like engineering and permitting can become disproportionately high for mid-size projects.Height and Density: Focus on areas where zoning allows for verticality and density.

Quote from @Russell R Massey: Atlanta.Referencing a small corner property, 45'x20', zoned Residential.