Purchasing lots to build on, what should we look out for?

[Andrea Descargar]

We're buying up a few acres throughout Michigan, based on location and potential future developments.

Someone said that if we buy a lot and break it up into 5 potential new build homes, that would then be considered a subdivision.

My question is, is there anything to look out for or consider when purchasing lots?

We will also be building our home on one of the lots. Looking to connect with an investor-focused real estate agent.