Land Purchase and Subdivision Process

[Jonah Slove]

Hi All!

I am new to this site and this is my first post. Seems like a wealth of knowledge on this forum. This is less one specific question but more of an outline of what I am trying to do in hopes that I can add questions as they arise. If this post belongs elsewhere, admins please move.

Backstory - I am 33 year old organic farmer in Idaho. I have finally settled on a price for my farm (12 acres) which would allow a short plat and development of a cul de sack and build 5 residential lots for 5 of the acres, and then the farm with my own residence on the 7 remaining acres. The farm is also permitted under the "dude ranch" CUP to build additional cabins or smaller buildings to use as short term rentals, or worker housing, or other options. I really see the farm going the more agritourism route than just growing veggies.

So, I think the next step is to have the land surveyed so I can create a legal description and sign a legitimate sales agreement . Currently it is part of a much bigger parcel that the landlord has been developing as a small residential community. From there I can take my agreement along with the rest of my application and go to the farm service agency for financing. They will fund 45% of the loan at 1.5% for 20 years. My goal is to sell a lot or two on the cul di sack and pay the loan back. I think once the land is surveyed I will be able to short plat this 12 acres from the whole parcel with approval from P and Z and town council. Future steps will be getting engineering plans done for the road and utility work, a concept plan for the subdivision and getting it all approved from P and Z and town council again.

I know I am missing steps in here but I wanted to type out a scenario so I can come back with questions when I hit some road blocks. Please let me know if you guys have any questions for me currently and I appreciate the help!