I'm sure a more modern solution like Swiftlane will come at a price, but it may save you from some headaches with building security and tenant retention.No matter what you decide, congratulations on the 8 units thats awesome! 

We combined our resources with those of our partners, Julie Muse and Cody, ensuring a smooth transaction and timely project completion.

We don't do SFH or MFH or any combination of them or deal structures (syndications) related to them.We are in the Self-Storage and Country Subdivision development or acquisition business. 

@Scott Trench Had a deal close last month with a combination of your scenarios/players.

We have super low property taxes and insurance (about $2k/year combine), and we have landlord friendly laws.  

Just have the key locked up somewhere with a combination.

Plus, older properties in established neighborhoods often have more stable appreciation over time.On the other hand, the new development, though slightly more expensive, might offer modern amenities, energy efficiency, and potentially lower maintenance costs.

We purchased the property for $21,000, invested $25,000 in renovations to modernize and enhance its appeal, and sold it for $55,500 on 03/29/2022.

Completed lots with Concrete roads, and water and sewer are costing more than $70,000 per acre in development cost, and are yielding 3 lots per acre, Combine development cost with prime land acquisition cost of $70k/acre, and your lot cost is over $45k/lot.My recommendations for you, 1.

Hello Kyle,There are lots of things to consider, and there are lots of different types of Zoning for residential.For example you could be zoned residential, but the minimum lot size could be 1 acre, and you are buying 1 acre, in that case you wouldn't need a developer, you would just need a builder.For example, lets say you have 5 acres and a perfect rectangle property, that has an existing street that runs the long ways of the property so you won't have to put in any streets, you will simply need to get with a surveyor, figure out your minimum lot widths from zoning, and file with the municipality to get your property subdivided into lots.Once you have subdivided lots, you can either sell the lots outright to a builder, the cleanest transaction.Option 2, you could try to partner with a builder so you can split the profits, most builder's will want you to guarantee the loan, and still charge a build fee before profit splits.Option3, you can hire the builder, obtain the financing, and keep all the profits.Option 4, you could do any combination of 1,2, and 3.