I’m trying to be smart with the $90k, so any advice from those who have been through something similar would be greatly appreciated!

So if you went and sold that new 200k property for 150k, your gain would only be the 50k.

so how is the event going.. other than being in Mexico on vacation are you enjoying the content and networking ?

There may also be local zoning or regulatory hurdles, so it’s important to ensure that dividing the property won’t create any compliance issues.

I look for a return of at least double that, so 162k * 2 = 324k.

They can help you navigate the whole process so you can learn. 

We have it under contract $30-50/SF under recent single family comps, so worst case we convert it back at exit and still cash flow in the meantime as a rental.

There are so many mom & pops who do manual rent collection, and whose goal is to stay at 100% physically occupied!

To land another FhA without refinancing, the 100mi distance is going to be the main requirement OR underwriters want to see a major life change (having kids so you need a bigger unit is the most common scenario).

This is a lot of land so also keep in mind the logistics of how guests will arrive to their respective sites, parking, guest interaction, etc.