Have you looked into different property types?

If their loan has requirements for the property type of thing or if they even have renovation loans (if that's even needed).  

Using a simple annualized return calculation is an easy way to measure a simple $/in and $/out type of investment, but it fails when the cash flows get more complicated than that. 

@Cooper Moran, there are almost as many real estate investing strategies as there are types of people!

Depending on how many restrictions and what restrictions you put in the new deed (if any) it may decrease the value of the new lot BUT... it may not especially if those restrictions are congruent with the types of properties in the area AND doing so will then ensure that whoever puchases the lot next door to your existing investment property won't be able to build something that will decrease your property value, in fact if you do it properly the restrictions should help INCREASE your property value on the lot you retain. -- So really, yes any value you loose on the split, you should make up for in ensuring that the property next door (whenever it is built) is not run-down and of a certain caliber. 

@Chloe Smith this is a popular idea in Colorado Springs.

Regardless of financing type, interest deduction, property taxes, and investment-related expenses remain key considerations.

I specialize in working with investors of all types in this market, invest myself, and 99% of my investors come from about 2-3 hours away and all do amazing and keep going. 

But a few years ago they turned into BS and I stopped watching. maybe that is what happened to them popularity has dropped and they need a refresh ?

Hi, My name is Mahi and I am a newbie to the BiggerPockets community. I am still exploring the features here. I am planning to buy a mixed-use property which has 1 bedroom upstairs and commercial space on the 1st floo...