There are a lot of market-specific issues you'll have to grapple with and also, there are plenty of landmines in MFR on its own in CT that you'll have to be ready for, in addition to the nuances and complexities of developing something like this.

Quote from @Joshua Alcantara: I’m looking to move out of the current "red ocean" of real estate wholesaling and focus on helping sellers with problematic titles, such as liens, divorce issues, probate, quitclaim deeds, etc.All my previous high-value assignment fees came from working with sellers who inherited properties without a proper deed.

Additionally, if your goal is to maximize personal financial benefits, consider profit distributions from the property-owning LLC, which may provide tax flexibility depending on your situation.By adhering to FMV, maintaining proper documentation, and structuring the lease agreement carefully, you can optimize tax benefits while staying compliant.This post does not create a CPA-Client relationship.

There is no way to absorb the costs of properly renovating a home in its entirety when you are dealing with $115K assets.

For those more entrenched in the Denver development market than I am, is this a fair trade for the city and for the developers?

Plus, you get amazing appreciation potential due to how much population growth, job growth, and companies moving and developing here.

I have over a decade of experience in strategy consulting and in real estate underwriting for new acquisitions and ground up developments.

Does anyone know, or have a good idea, about the difference in returns on entitling & developing the land for each scenario, with final objective to sell to a builder to build and sell the structures him/herself.  

It's properly leveraging (not over leveraging) the asset that pays off.  

The Greater Phx area also has more places to expand, but be cautious of "island" developments that are separated from bigger cities.