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Fantastic, you are in a wonderful position here, and great you are in the build game. Can you access any equity now and purchase another?:)

Boeman Nothing wrong with this strategy if it stacks up. Also if retaining the front property need to allow carport at the front perhaps $7000-10K?. If the plan is to sell the front property or rear build or both then the elevation on the front property needs to be very attractive to sell...