So you really need a downpayment + 15k to be in the game.

At a minimum, having viable plans in place for development will make these lots more marketable and valuable to potential builders when we have conversations. 

So you will need to have skin in the game.

Hopefully, based on actual field measurements, past project data, and estimating software, your contractor can develop a detailed estimate that lays out the cost of labor and all materials for each phase of the project.

Network with experienced investors, choose a real estate strategy, research markets with job and population growth, learn financing options, familiarize yourself with property management, develop a long-term plan, and leverage your stock experience to evaluate markets and trends.Good luck!

I would guess that you have little or no experience running any kind of STR, and now want to get that experience on the back of someone else's investment, with little or no personal skin in the game, and that's not a good way to build an investment portfolio.

That way you’ve got some skin in the game, and the tenants will be less likely to protest that the other tenants are using more electricity or gas.

That perspective will help me focus on developing and reviewing statements tailored to the scale of my property.

Use next 4-6 months to learn by listening, reading and watching how the real estate investment game works.

How many units are generally in a townhome development?