I am concerned about timing yes people will always buy land but builders and developers lots are going much slower with high interest rates fewer can afford to buy.

The home was initially purchased by Seattle company Northlake Capital & Development, owned by James Thorpe.

It explains the team that you should develop to have a strong foundation under you while investing remotely.https://www.biggerpockets.com/blog/core-four-real-estate-team

At the current pace of  construction and costs, development is not keeping up with demand. 

They also sometimes put in the infrastructure and then sell it to a developer as well. 

When I search properties mainly in Punta Cana I always run into sites where condos are in development and have about 1 - 2 years till completion.

Develop a system and checklist.  

Best uses: Large estate with mother in law homeSmall development with 1/2 acre luxury homesTiny home communityOffice spaces made up of tiny home officesSmall retirement communityRestaurantsFlex warehouseCommercialThe property has approx 40' of Wilmeth Rd frontage.

The reason why "large developers"  finance their real estate with ease is (1) track record; (2) balance sheet/liquidity;  (3) Global Cash Flow.

The target rate I often see on syndication sites is around 15-18% IRR (and sometimes higher for new development projects).