I am new to RE and would like to hear from seasoned members who have either been in this shoe or who are well versed with this situation. 

With that said and depending on how rural it is you may be able to put gravel down and put a fence up and have RV and Boat storage.

A triplex or quadplex could provide more units for rental income, but obviously will require more financing, so having your financials and pre-approval lined up early is key.Since you’re already looking to network, attending local real estate meetups is a great idea—you can also connect with seasoned investors or agents specializing in Long Island properties who can offer advice specific to the area. 

Whether you’re a high school student or a seasoned investor, understanding the fundamentals is key.

I'm a seasoned finance profeesional with over 7 years working in Corp Dev & IR roles in Argentina.

The benefit of working with DSCR lenders is that those lenders generally have shorter seasoning periods to use for doing a cash out on the new appraised value- such as three or six months.

Quote from @Kevin Hilton: I am looking to acquire my 4th rental property, but I would like some advice from all of the seasoned investors in this forum. 

Fannie does have a guideline that allows a property to be deeded over to an entity so long as the original borrower is also in the entity, but you have to wait 6 months of seasoning and maintain continuity of ownership.  

It could be seasonality but just something to consider.If you need referrals for the STL area, let me know.Good luck! 

@Nida Chaudhry,Given the demand you've seen, a 30x60’ garage with varied storage options could be appealing.