Educate the land owner on the potential profit run the numbers and go over the basic proxy and blue prints.Make sure you have a seasoned and qualified Builder/GC because they can be a deal killer with wasted time and inflated material and extended completion dates.

Quote from @Max Ferguson: Quote from @Jay Hinrichs: Quote from @Max Ferguson: I'd be interested in hearing about it, but I can almost guarantee if you aren't extremely well versed in the local market you will not find an end buyer.

The city’s diverse economy, which spans transportation, healthcare, and education, provides a solid foundation for long-term growth.

I know other local RE investors well enough to potential ask that they take on my child’s continuing RE education and I think it would be in both of our best interests.  

However, I would really like to be educated about the opportunity to do this, but possibly in other close neighboring cities.  2) If short-term rentals aren't a possibility, would like to invest in single or multi-family for long-term rentals.  

Again, I primarily work in Portland proper (which, it seems like most of these folks responding aren't aware, is a whole different ballgame than the rest of Oregon). 

Thankfully I have no property in NY.I loved this quote which shows just how clueless people are about housing issues:“Housing instability is at the root of so many problems facing our city, such as exacerbating homelessness and hunger, failing to meet our children’s educational needs, and undermining public safety,” said the CWTU in a statement.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

I am only curious and trying to educate myself on sub to as it seems rather attractive to me as a non-US buyer who has access to emergency lines of credit, albeit, maybe limited to 200k. 

Even if you aren't making a lot of money on any appreciation, you've been taking depreciation each year.