A well-placed hotel or Airbnb may outperform traditional apartments, but this depends on zoning and market demand.I hope this helps clarify the steps and gives you a good starting point for your land development journey.

My name is Culver and I am just getting started in my real estate investing journey.

It sets a solid foundation for your real estate journey.

This "analysis paralysis" can prevent them from acting on opportunities out of fear of making the wrong decision.I’ve experienced this journey myself.

I'm excited for you to start your journey!

This 5 year plan allows me to test multiple different strategies of REI, learning lots along the way, and help me figure out what my "niche" is.Just thinking out loud here haha but I appreciate your comments to inspire me to further think through my real estate journey!

When you find out the present zoning of the property, the future land use and the local agencies comprehensive plan for how they see the area being developed (all can be done at the local planning office) you will have a much better idea of what you have just bought.If the land could in any way be developed into something more than single family residential lots, i.e. if there is any multi-family or commercial component than I would advise you to hire someone qualified to help you with the site planning of the development.

I think house hacking is a great way to start your investment journey, much easier to come up with 3-5% down. 

Let’s make those connections and grow your investing journey!

@Drew Sygit, I did actually click on that first and will be going through it as a whole along my journey to educate myself.