I'd appreciate any tips or insights from anyone--thank you!

But, the appreciation here would be great.

The usual fact patterns where this applies are long ownership history where the parcel appreciated or value was created through entitlements.

Any input is greatly appreciated!

Any feedback would be greatly appreciated.

That's often because you don't really get to see nationwide stats very often and there are few individual investors who invest across multiple states it seems.Here are a few consideration to help you decide where to invest:Population GrowthJob GrowthLandlord friendly statesAffordability gap, average income vs median sales price.Some people also say look at where town will grow and invest in the path of progress.Good luck and I wish you unlimited cash flow and appreciation.

Prior to the pandemic, Florida’s price appreciation was fairly modest (as measured by the median listing price, which is far from perfect).

I also plan on developing an ADU to permit 2 + beds 1 bath unit and community improvements such as installing solar panels, specified parking areas, common areas, a community garden (for tenants only), and rehabbing each unit to force appreciation.  

Is appreciation a factor in the area you are referring to? 

This will also have the added benefit of appreciation on two (or more) assets instead of one.