Potential cash flow is $8,066.00 a month with the current tenant agreement that will go into effect 6/15/2020What made you interested in investing in this type of deal?

Hi Ken - outside of having a book keeper or CPA, Avalara is a cost-effective option - https://www.avalara.com/mylodgetax/en/index.html

This policy is in effect only for 5 years. 

You can do one-up skip tracing pretty effectively. 

This is was a crime scene - he should have called police and asked to have someone come out to take a report.So, most of you reflected those same thoughts.What the owner did ...The owner, effectively, did a "do it yourself eviction".

.- The Compound Effect: great book that shows the power of small daily steps that can result in MASSIVE results over time.

There can be some exceptions as noted by @Eamonn McElroy but those are rare and not likely in your case - though do check with counsel to be certain.Because income is not taxed as it is earned, you are able to more effectively grow savings by compounding the gains over time and reinvesting earnings within the plan.  

My ultimate plan is to sell my lot to a developer who will likely construct a multi-unit- the lot is approximately 10k square feet and zoned for multi-units.The benefit is that they are paying the cost to build a new wall between the two properties, as there is no wall there currently.However, my concerns are (1) will this affect the future value of my lot- as the v-ditch encroaches onto my property approximately 12 inches, effectively reducing the useable square-footage of the property?

What is the most effective option for new landlords?

I wasn't happy with the returns I was getting for a few years in the 529 and I was looking for something to invest in where effort could lead to more return.Nothing I can do day to day will effect what the market is doing and in turn how my 529 performs.