Passing investing on average returns 8 to 12%.

In return we get use of a house in the Hamptons with the traveling owner while teaching nearby for the fall.

If you don't get any additional feedback, you should be able to call the City of Phoenix Planning Dept and assess the overall process, timeline, fees, and feasibility fairly easily.

I wish you safe travels and a speedy return!

Yeah it's mostly sifting through lots of bad deals to find the good one.First is finding what a good deal looks like, then going out there and hunting.I'd wager I've spent thousands of hours on Loopnet, redfin, and Excel looking for deals with good returns. 

After doing a little bit of research I found that section 8 is something that can easily be done and isn't capital intensive can anyone shed some light on what this really is?

The interaction and entry of the guests, and marketing can easily be done remotely with keypads and various rental software platforms.

It's a breeze, the cash on cash return, while low in absolute terms, is crazy high (3% down + seller credits).

We could easily put in a ministorage down the road or some other high caprate investment.

If you are comfortable going through the building process and have a builder that you trust you would probably get the best return by building on the lot and then selling and deploying that equity that you have now built into another asset via a 1031 exchange.