We are getting off topic.

Where we expected to gross between $30-40k, we are grossing $60k and generating around $2000 per month in cash flow.

We are currently under contract on one of the lots.

We are interested in using the equity for a real estate investment, and are looking for ideas, suggestions, or investors in similar situations.

Part of the investment thesis was getting it for a bargain, then building an ADU complex on it as affordably as possible, getting it to cash flow, and realizing value on both the rental income but also property appreciation given the work going into it.If the property will really only be worth ~$1.70M once we are finished, I will likely just stop the project now and exit the house as soon as possible.If you do not get dollar for dollar for projects such as this, how would house flipping ever work?

In the past two years we have completed over a dozen flips, We are holding 20 rental units self managed and 2 self managed Air BnBs.

We are now doing short term rentals but we're thinking about changing to a small wedding venue. 

We are considering signing with AvantStay.

The resident pays the second month on time and then, and only then, do they get the concession.If the market is soft, and we are having trouble renting, before we consider concessions, we look at the product, the marketing, and lastly the price.

I gives them a reason to speak with you and you a reason to speak with them.....about real estate.Want bonus points.....wear it upside-down.