The issue I'm having though is that I don't own the land, am not leasing the land (dock lease), and am not a general contractor.

The main reason we don't have multi-family properties is because land is so cheap.   

Most recently I found a good starter template lease from a state landlord association. 

The property is located on almost an acre of land.

In many states, the last month's rent is or at least was an addendum to "security deposit" so much so that most renters no matter the state will tend to still ask to apply their remaining amount on deposit (last month deposit, NOT security deposit portion) to their 'last month' - yet CA landlords are now well as of since July 2023 going forward, prohibited from applying ANY deposit to the unpaid last month, thus Newsom is giving all tenants who don't care about their credit a FREE LAST MONTH EVERY TIME THEY MOVE OUT if they make the case that their security deposit cannot lawfully be applied to the last month of rent in arrears?!.

Here I go int jumping into the game of Landlord or maybe airbnb owner.

We leveraged the land and got a bank loan for $1.6 Million.

https://www.rentspree.com/blog...Landlords and property managers are required by FCRA regulations to legally review a tenant’s credit report (with consent) for the sole intention of determining an applicant’s qualification to rent.

I have never had tenants or applicants complain about the old windows.I see a lot of landlords that throw a ton of money into cosmetic work that will never earn back the costs - be thoughtful about whether this is truly necessary.

Can I calculate the land-to-home ratio of the assessment against my purchase price to determine the home's value?