I guess that means YOU are the one likely to fail since you didn't know where to come looking for answers! 

B) Hold the lots, pay the taxes each year and just sit tight to see where things go, hoping in a few years demand will pick back up and then either sell the lots or build. 

I don't want to just pay her 5-8% of rental income as I feel like there are some months where she really won't need to work much and I don't want to overpay.  

Now is the time to be investing in Wenatchee, Washington.This year the area's first Hydrogen plant is scheduled to start operating a $25,000,000 project.Northwest Natural Gas is putting in a $43,000,000 natural gas plant.In May of this year, the Washington State Port Association awarded The Chelan Douglas Regional Port Authority The 2024 Job Creator Award for creating jobs in the area.Earlier this year at a state of the economics luncheon it was rumored that the area will have over 25 data centers in the future.I was recently at a community meeting where Helion Spoke about putting in the world's first Fusion plant.

I do manage some multi families where the owner manages some LTR units and we manage the STR, so that is definitely possible and not unusual at all, it is a hedge as they are different market segments.

I am now at the point where my interest rates are <6%.

Personally, I had one experience where my Lender wanted the LLC to be within the state where the property was being purchased.

In these, I have come across a few where the closet doors are missing.

@Lucas CarlThank you but Where do I start?

You are where I want to be!