I've leveraged my background as a furniture designer to create unique and beautiful experiences for guests, and they pay top dollar to stay at my properties.

Folks seem very willing to dramatically pay more in these “affordable” markets in a feeding frenzy fueled by cheap mortgages and limited choices for house hunters.

If you can afford to learn on this property, go ahead..Be happy to chat. 

In more expensive markets where the rent to value ratio makes renting much more affordable than buying, rents go up and a greater section of the population become tenants. 

But I’d love to chat if you know of any options that would give more affordable monthly payments.

You do have to think about how will you afford the home?

Paying 2 and 20 is fine for a large hedge fund investor with massive upside, not regular minions that can't really afford savage tenants. in my expensive equity market, I make my living on equity capture at the buy transacting solo, off--market. 

I am not sure why rebuilding as a single family if destroyed makes a difference since my mortgage broker confirmed I would qualify for the property without factoring in the rental income (i.e. if this was a single family at the same purchase price I would still be able to afford the property).

I had convinced myself last week to put it on MLS and sell but someone close to me said there's nothing else to buy right now and I'm better off just playing the long game until I can afford to build on the lot. 

And if needed, you do not have the ability to buy the others out or to afford to go to court.Recommend staying far away from this.