You need to have an engineering firm that's familiar with your city and county to subdivide it, get you're entitlements and a construction permit.its going to be expensive to start, might be able to find a hard money lender to build it out in phases and get houses built asap to sell and lay off the hard money loan.

And, while there are layoffs happening right now, in the white-collar space, it's estimated that 60M Americans did some form of "gig" work in 2022.

Worked as an Executive Architect at Oracle until impacted by mass layoffs

Investment (Monthly): $1,500 into High Yield Savings Account$500 into Mutual Fund/Brokerage Account$500 into Roth IRA$200 into Robinhood (More risk adverse stocks here)5% of pay into TSP C fund (Had it at 15% for a long time recently lowered it to 5 in order to build up more liquid assetsNet Worth: $7,500 – HYS$20,600 – Brokerage account $14,500 – Roth IRA$11,000 – Robinhood $3,600- Checking account ($2,000 Emergency Fund)$34,000- TSP Net Worth ~ 64KLive in NC and plan to start investing in here. 

However if they give you their whole life story and tell you about a layoff, a move, an impending divorce, etc. then you know that they are more likely to listen to a variety of offers.Hope this helps.Cas

Devon appears to be doing somewhat better, but had massive layoffs a few years ago (I was worried how this would affect the economy, but we've pulled thru) and is continuously leaning itself out (I don't think that tower is even half occupied).

@Alice Horn what’s the situation in the Orlando and Kissimmee area like in terms of potential foreclosure due to the massive Disney layoffs or tourist demand being down?

The craziness in the market is effecting more than just our real estate investments, like layoffs, finding new jobs, etc.

BONUS: there are no COVID layoffs for the military!

Hey @Glenn Mayo, You bring up some good points and yes, I agree, that an investor really needs to think good and hard with a solid long view on CT real estate.  2 of my friends just had major layoffs in their companies here in CT.