I know there has been A LOT of apartment development on both the East and West side of I-35, both near, and far from OU.

There many things you need to know ideally before you make an offer.Your first thing and not necessarily be the most important is the first impression when you drive like the building(s) and the landscaping, is it's location good for your tenants, the mix of the floor plans, can you add any value, Make sure when looking at the income and expense records that you looking at actual financial statements.Are there any nearby schools and are there there any nearby amenities and what type of the parking is available to the tenants, how any nearby apartment locations and what, if any, are they doing to attract prospects, look at all units and do not let the current owner trying to get you  not to do that, how does the current rental rates being collected near the market average, does it need any capital repairs or rehab right away,does it have a positive cash flow now, is it being properly managed by property management, and is there any nearby retail development and do its match your target market.

Are you the developer?

@Michael Roman Will absolutely consider that if i'll have a strong connection there who I count on, I will develop the connections with the time :) Thank you for the reply!

I'm starting to look closer at the development that is going on in my local market, which is where I have been investing. 

@Patrick Daniel To be honest Patrick, I'm still new to this and don't actually have any plans with this property in particular, was just doing some research on properties and wondered what the information meant.

Find a map (I found a free local county book in my area on a free magazine stand that had a map of the area) and drive each neighborhood to get an idea of the neighbors (mostly homeowners or renters, single family or duplex/triplex/quad) vicinity to amenities like grocer/parks/schools/etc. and if area feels like something your target market would be interested in (to buy or rent).Go to your county's or city's website and see if you can find any planning information to figure out where the development is happening.Lastly, find (or start) a local meetup to network and learn the information you didn't know you needed to know.Tax liens can vary by county.

Looking forward to connecting with others to expand my goals and develop plans that lead to crushing these new goals.

There is no small scale development available to individuals.

I’ve been attempting to deal with this for the past several years and can’t seem to develop a strategy that I’m confident with.