I've been an agent here for 13 years and lived here my whole life and I always enjoy talking real estate and investing.

Keep in mind that with the same available capital, you may be able to essentially pay no taxes on the rental income over the next two decades, enjoy the appreciation of multiple properties at the same time, all while the tenants pay down those mortgage balances for you.While the debt paydown and appreciation build your equity positions in these properties, you can then look to put that equity to work for you via HELOCs or cash out refi’s.Bottom line:Equity locked up in a property has zero return.It’s nice to have options though, right?

I'm looking for creative ways to create a small passive income off of 50+ acres, but nothing that hinders my ability to hunt and enjoy the same land.

Thank youGlad you enjoyed. 

@Jeffrey Nabozna welcome to SD, it's such a great place I'm sure you'll enjoy it.

I enjoyed it, put a lot of sweat equity into it, and did pretty well over the years.

@Peter MorganYour multifamily with tenants paying market rent will sell as a stabilzed property at the highest GRMYour vacant multifamily will sell as a value add asset at a bargain priceMy vote will be to rehab interiors, lease to tenants at market rents and enjoy a good exit price as long as you have made up your mind to sell

I am a Realtor now, but college brought me tons of education and experiences that I enjoyed and still value. 

Suburbs are enjoying appreciation right now.

AND, it will give you the real chance of enjoying the greatest city in the world.Good luck and reach out if your in Poughkeepsie!