This has worked well so far and we are considering purchasing other rental properties in the area.Clearly this would come with high turnover, potential for damage (and general gross-ness haha). 

To many people use Excuses to prevent them from expanding their potential.

It's a fascinating puzzle, and I'm navigating the intricacies of property valuation, expenses, and potential income to ensure I make informed decisions for these investments.One challenge I'm actively tackling is finding the best platforms to market my properties.

I do think over time it’ll die down, but I’m looking to start investing NOW as I have waited for 1 year to just learn and research etc… I definitely think there is great potential in SD, but I think with the funds I have right now, I could grow a lot faster in a different market.

The question is, should I sale the land and use the money to invest in a turnkey property or should I utilize the land and potentially put a few mobile homes there and rent those out.

Many people on this site focus on the profit, not the potential.

Potential for Appreciation3.

Ensure the potential returns from the project can offset these additional costs and you'll do fine. 

The only deduction is the cost of your lunch with Ashish.Here is a good common sense test: would a reasonable person pay for airfare, hotel and whatnot just to interview a potential new CPA?

With this property we were able to leverage the STRs potential to the fullest, live in this area for free when finding a place to live and keep it affordable is a real challenge, and put our money in a location that is poised to appreciate: desirable, the property backs up to BLM (scarcity), and there is nowhere to build in this area.