(biggerpockets.com)Energy efficiencies in the building: Environmentally Friendly Tax Credits for Your Property (biggerpockets.com)Federal and state grants: Real Estate Grants (biggerpockets.com)On top of the benefits noted above, here are some added tax benefits from a cost segregation study: Added Tax Benefits of Cost Segregation (biggerpockets.com)Have you utilized a cost segregation study for any of these added benefits?

No chemicals, no electricity, refill and clean after each stay, and “environmental friendly”.

@Rene Hosman I don't but the land in this area is unpredictable with boulders and can be quite polluted from old industry.

Quote from @Jeremy Greenamyre: If the goal is to incentivize housing construction, the federal, state, and local governments could also address the disincentives - environmental restrictions, "green" requirements, restrictive zoning, studies, etc.

Begin your 'pre qualification' process for the acquisition now (most commercial lenders won't issue a PreQual but rather a LOI) In general, Commercial transactions can take longer due to extended due diligence, appraisal, environmental reports and financing (60+ days) so you'll want to initiate your search during the marketing of the down leg as it can cause a tighter timeline than a residential transaction. 

In the world of development you have money at risk to complete these and other reports, legal, zoning, permitting, environmentals, etc before you go hard on your deposit with a seller.

Hello, My name is Homer Wanamaker with Bay Hill Environmental.

There are still corner cases that won't be covered, such as environmental.

You need to have enough money, probably in the $100-150k, amount to put the property under contract, and do the feasibility study on the property, Phase 1 Environmental, Property Drawings for roads, water sewer, and utilities, and have a completed budget so you know what your costs are.At that point you can go out and attract investors, I don't thing that developing raw land is necessarily cheaper than buying discounted finished lots. 

The other 75% of the skills required to be a good developer will have to be learned elsewhere (a good mentor is the best way).These include everything from Zoning/Subdivision/Land Issues to Environmental Issues to Permitting Nuances to Design Issues, plus all the differences in financial analysis.