Hello, you can do some research with the city's planning department as far as their development standards for that zoning, i.e. set-backs, height, lot coverage, etc.

Developing the property What was the outcome?

Some investors and agents talk about off-plan opportunities as if they’re an easy route to massive returns, but the reality is that it’s far more complex.Buying off-plan can be incredibly rewarding, but it requires doing your homework, understanding market trends, and knowing which developers are truly reputable.

@Aubrey Adams-Thanks for the post / question -I would recommend developing a hypothetical plan  ( purchase price / loan amt needed ) and get pre approved ..this process is free and it will help get you organized and also to educate you  in many ways ..if you never end up buying - no worries and no costs have been wasted 

I recently quit my job to dedicate full time to RE investing.Given the macro instability Latin American economies faced for decades, people with savings are constantly looking out for opportunities to invest in the US, specially in RE.So, a few months ago I partenered with a RE developer from my country and we are now focused on getting multifamily deals in Florida.Looking forward to connecting with all of you and adding value where I can!

We’ve published blogs and courses on this topic for a few years but unfortunately we still see the incorrect application of law on 70% of incoming STR prospects!

For prospects seeking to rent many months in advance we are typically declining those and seeking to lease up as close as possible to the next available date so as to prevent potential gap periods that will be harder to lease. 

Secondly is to outsource everything to a professional so you are basically acting as the developer/project manager.

And thankfully, by the time I needed to execute on those options and actually complete the purchase of the leased properties, I had developed some private lender relationships that allowed me to complete those 3 transactions and several more thereafter.

I developed the negotiation strategy What was the outcome?