The alternative is that an annual power wash with a high pressure sprayer will keep them looking good.

In the alternative, the seller can record a "Memorandum of Option Contract," which must contain the names of the parties, the signature of the parties, a description of the property, the time during which the option must be exercised, and a statement that the purchaser has the right to cure a default once every twelve months.The option contract itself must contain:1) full names and address of all parties to the contract;2) the date the contract was signed by each party;3) a legal description of the property to be conveyed subject to the option;4) the sales price of the property;5) all fees or payments paid by each of the parties including the option fee;6) all duties whose breach will result in forfeiture of the option;7) the time period during which the option may be exercised;8) a statement of the rights of the purchaser, including the right to cure a default once during each 12 month period; and9) a statement in at least 14 point boldface directly above the purchaser’s signature, that the purchaser has the right to cancel the option any time prior to midnight of the third business day following the signing of the option.What happens if the purchaser defaults?

An investor friendly REALTOR that uses former mortgage loan officer experience to help others with alternative financing strategies, I would be happy to grab a cup with you and brainstorm.

Alternatively, find a CPA that shares the same outlook as you.A RE focused CPA would probably serve you best, though, as they'll be attuned to the nuances of RE deals and RE taxation.

The hotel industry lobbied very hard for Airbnb to be shut down and their dollars were very well spent.I think largely the problem became that more and more people started using Airbnb as a standard vs before in the 90s STRs were more of an alternative.

I'm looking for growth and I'm currently thinking it'd be great to do something like a 1031 exchange of the property as a down payment on a medium-sized apartment complex.Other alternatives include splitting up the lot into two separates and building a second house.Thanks for any advice and let me know your thoughts!

Ballpark cost regarding pavement itself (it depends on the design, your unique market, but for parking lots, assuming no big trucks or lots of scholar buses):Compacted subgrade (at 95% compaction modified Proctor): $3/Suqare YardAggregate base course: 6" @ $7/Square YardAsphalt: 3": $14/Square YardPavement markings: $1.0 SF -- this usually runs on the lower $0.5 to 0.75/SF, but your project is so small, companies will charge you more.  

I'm looking for Pros and cons and alternative suggestions!

In the garage is a truck that's been sitting up at least a year.

If there is an alternative to this idea, I'm definitely open to hear it.