Look into local governmental policies, for instance, laws that may regulate/cap rent, property tax increases, different zoning laws that may hurt or help your strategy in the long run.

Buy the house next-door and turn it into an STR...unless this one has a permit that can't be acquired.In any case, the appraiser will use comps unless it is a commercially zoned bed & breakfast type of situation...which would not be eligible for a residential mortgage.

It's 23 acres of forest on the water front:The land is zoned A-14 so can't be subdivided and only one residence could be built if the owner uses the land for agriculture, logging, farming etc.The zoning does allow for 'Gite Touristique' though and this is where I'm thinking this could be a great spot to build some ecolodges to rent out.The land costs $270,000.There is currently no access to the land, it's landlocked so right of way needs to be setup as well as all services; water, sewer, power.I'm looking for someone to partner up with here to help figure this out to see how we can obtain this beautiful piece of land and turn it into a successful business.Please send me a private message if you're interested.

@Zach JonesYou may want to see if it makes sense to create a QOF to invest in the property.There are some considerations for this to work - Is the triplex in a QOZ(qualified Opportunity Zone) and are there significant repairs that need to be done to the house.If you were to sell the Stock / Crypto - are the assets atleast long-term where you benefit from reduced tax rates?

If it is in a ADU zone and there is a non-conforming existing unit it is my understanding that you can do the 4 unit loan limit pending the certification of the 4th unit.  

The property is located in Tempe, AZ less than a 1/2 mile from ASU Tempe, currently has one unit and is zoned for a duplex.

So we are basically Living in a construction Zone as we needed to get out of our rental for the last 10 weeks.

Mind you, if they are looking to invest, they would need to see how many homes they would be able to place on the lots and get the soil evaluated for septic systems after zoning consultation. 

Buy and Hold:Demand for the areaTenant base I want to work withNot in flood zone

Once under contract, you can freely contact the zoning and the building authorities to ask if they'll allow you to make the purposed changes.