There’s also future development potential given the size of the land and zoning (allows for medium density development up to 8 units per property).What would be the best way to structure financing for a deal like this?

If I fail to spend all my money before I die, she will inherit the high credit, corporate backed NNN properties I developed/repurposed over the last 15 years.

I work with MF developers across the country walking through the same type of projects.

I am an attorney for affordable housing developments throughout the country.

Great episode with Florida commercial real estate developer Joshua Pardue!

Overtime, I've developed a spreadsheet that works for me.

These neighborhoods have had favorable zoning for a number of years and development usually follows the path of least resistance.Keep in mind prohibitive zoning is a leading barrier of entry and is usually why neighborhoods lack new supply even when the underlying fundamentals and demand are strong. 

I have 2 properties that are beside each other in an area that is undergoing substantial development.

Who is building, developing, flipping, etc in your area. someone has to be doing it and making money. look at their business plan, see how they are doing, try to do better. 

The Lakeland elementary school is actually in the development and it is either a 9 or 10 on Greatschools.com.