I'd build up and go for at least 2 units but 3 stories is better. 3 story walk up apartments account for almost 65% of apartment developments round he country. this is what I'd recommend on your lot. this is 35' tall and we do it in columbus oh 

I would highly recommend talking to Jeff Weller at Coast 2 Coast and Fernando Corona both are also PadSplit hosts but we're some of the first expert lenders .

I'd also recommend you have a good relationship with an investor-focused Realtor that can connect you with a solid Property Management company, etc. 

I always recommend speaking with a lender or two before you start deal hunting.

I do not recommend someone who has never owned real estate to do a fix and flip as real estate is challenging and cost prohibitive, I recommend if never owning real estate to start with an asset that does not need major repairs. 

I plan to use a HELOC but would be interested in the thoughts of others in BPs on this approach or recommendations if there are other ways to financing that I should consider.

Written by attorney investors, it's full of practical advice about the management of investment property, has sample forms that can be edited, and - most importantly - tells you what your primary state laws are and where you can read them.

I specialize in STR & Co-living concepts, which I recommend for the highest rental income potential! 

I recommend reaching out to 2-3 PMs and then using tools like Zillow and Rentometer to get a full picture.

Can confirm that as of today, for the annual membership, both of the following codes work:PROBFCM - 23% Off for 1yr - At checkout there is a prompt that reads “Then $390/yr after coupon expires”REALESTATEROCKS - 20% Off - no prompt or message at checkoutGood luck folks.