BiggerPockets has forums dedicated to both states - explore and see which resonates more!

Have you worked on any entitlements yet, or are you exploring both options?

If you want to understand 5-year outlook, I'd look for multifamily construction data in your area to understand what level of new units is and will be coming online in the near future. 

It's not a strategy I am willing to explore.

I have some data that I would like to share with you.

To access your home equity without selling, you can explore options like a home equity loan, a line of credit (HELOC), or a cash-out refinance.

These companies invest for long term growth.Here's why exploring these options could be a win:Less competition: Fewer investors might mean you snag a better deal.High growth potential: Up-and-coming areas can offer excellent appreciation alongside decent cash flow.Unique opportunities: Discover niche markets with specific tenant needs, like student rentals or corporate relocation hotspots. 

If you inquire from Zillow, apartments.com, any of the sites, our site doesnt matter, we capture there data and followup campaigns go into action backed with ai at work that I am ever evolving. 

With all respect to AirDNA and the amazing data they provide for STR owners, their pricing tool is not on par with most tools available there. 

You'll want to explore this with your accountant and see what side of the fence they are.What is more a concern to me is your plan to let the property sit for a couple of years and then move in.