There are so many rentals in the area, probably on shared wells, so those people have either decided the STR use is okay or they are comfortable risking it.My intuition is that any actual disagreement over water usage could be handled with the other owner; but the risk would be if the other owner just doesn't like the STR and wants to use the well agreement as a reason to demand it be shut down.Any advice would be greatly appreciated!

The choice depends on individual financial goals and 5-10-year goals.

When driving for dollars, don't just focus on fixer-upper houses, pay attention to the vacant land lots that you will find.   

They can depend on the person and the property along with a multitude of other factors.

Try your local RE groups on Facebook or meetups.

Keep reading, educating and working on your personal finances.

Quote from @Account Closed: Hey guys,I have no experience but after looking at all my options I have come to a conclusion that my best move is to buy land and develop multi-family apartment building (15-20 unit) 2 story somewhere between Miami Jupiter.Budget for everything 3MDone with cash + 6% line of creditLooking for long term holdI would love to hear any insight on what areas I should look at, ballpark of build price (hard costs and soft costs) and would love to network with anyone in the area on this.ThanksIf you're looking to develop a 15-20 unit multifamily building with a $3M budget between Miami and Jupiter, there are a few key things to consider:Land Budget: Aim to keep land costs around 10% of your total budget.

You learn the most about being an agent in the field and by choosing a good first brokerage with good training either in-person or online, depending on your preference.

., great questions and there a couple of ways to handle this in New Jersey, depending on the situation.1.

We had a few hiccups with the timing of contractors on site and it lead to a 4 to 6 week delay.