But in terms of long term holds, especially with the addition of HQ2, it will be great.  

My investment thesis is here: https://www.biggerpockets.com/blogs/10553/79631-se...I've begun selling off my portfolio due to the headaches and hassles of management, in addition to getting a little older and wanting to press hard into passive vs. active investing.

For this reason, we establish set guidelines up front and then follow them. if we are within the guidelines, we do not seek additional approval for accepting tenants, drafting leases, repairs under the scope amount, etc. 

I'm happy to answer your questions or provide additional information.

@Gustavo Gonzalez1 major reason (among others this isn't an all conclusive reason) everyone is talking about apartment investing via syndication as the best way to enter the multifamily  space, in addition to taking advantage of economies of scale is...., It's a team sport AND if you're just getting started (you stated "enter") you want a team that consist of good operators that have experience.    

Any option to subdivide the lot or put something else on it that could produce additional income?

Notwithstanding the foregoing, if the value of Scott’s interest in any of the LLC interests listed on Exhibit B increases as a result of his active efforts, the appreciation of such assets shall be deemed Marital Propertya) Active shall be defined as exclusively engaging in gainful self-employment working toward the growth of his LLC interests listed on Exhibit B, successor LLC’s, spinoff LLC’s, or any other LLC or gainful acquisition made using premarital funds, mortgages, or other financial instruments to fund growth.

@Bosko Mijatovic Especially for a job like that you will want to pull permits, un-permitted additions absolutely destroy the value of a home in many circumstances not only do you lose the money you spent to do it but you can lose the cost to fix or revert the addition. 

The company who set up my first LLC, included additional documents like certificates for members, minutes information, etc. 

The basement was unfinished, so we were able to add some square footage as well as a nice additional living space.