I am a Barber currently renting a space in multiple unit building.

Thoughts of building are often much better in theory than practice.

You are positioned very nicely to build a substantial real estate portfolio for long-term wealth generation and monthly cash flow. 

Then, in Phase 2, I aim to subdivide the lot and construct new buildings at the back of the lot.

The tenant has been reliable and has a track record of paying rent on time, and he is also motivated to find a buyer so that he doesn't have to move.Cash Flow Calculations: Estimated property value = $590k.

I have project management and re agent experience along with time so I keep coming back to flipping with an occasional brrr to build long term.

Building new sounds great, but it's usually way more expensive per square foot when you factor in land, materials, labor, and permits.

Get rid of debt, build a budget, and save.

I would offer cash for keys, or not renew the lease, and reset the tenants in the building at the first opportunity.

I know someone building a 26 unit complex that will have space for an office south of downtown.