Then we went and developed langue followed closely by abstract thought and it’s off to the races.

Our ultimate goal is to get into real estate development along with buying rental properties.

Owensboro, the state's 4th largest city, has a population under 100K, and many OOS investors prefer cities with at least 300K residents and strong job growth.

(Land and construction cost, expected sale price, etc.)My last development in Chicago looked like this:Land = $300kConstruction Cost $650kHolding Cost/Closing Cost/etc. $50kProfit roughly $100kThat project was in Bucktown on the nw side of Chicago.

We are solely working on assisted living:- Buying homes and leasing them at higher than market rates to these business operators- Purchasing existing businesses with the real estate- Developing / building newFor us, the business makes the real estate cash flow, we can create a massive impact, and the demand outpaces supply and will continue to be that way for the next couple decades.

Either way, i always decide to buy additional properties as opposed to developing what i have, because I’ll continue having that and can do what i please in the future. 

Based on a gut check (checking the town population + location on google maps), this may be the case. 

What is the experience of the group at performing this sort of development?  

The surrounding lots are developed and have houses, It is not a closed community but it looks like one.

To help our case, I am thinking about putting together a report of some type that would help for why this development should be accepted.