Townhome Development on 17 acre parcel

[Adri Jusczak]

Hi All, 

I have the opportunity to develop land with the city/school in a town in MN. There is a serious housing need in the area and finding renters/buyers wouldn't be a problem. I'm thinking of building townhomes on the 17 acre parcel and a mix of SFH/MFH after on a 34 acre parcel next to it. What kind of structure is needed for the HOA on the townhomes? I'm thinking of selling half the townhomes to pull my money out and keep the rest as rentals for the time being. Any tips/suggestions on development would be greatly appreciated!