(Noticed I didn't include architects in that list - from my experience most architects are great at building design but shouldn't try to do land planning.)If you have never done any development like this before than it would make sense to partner with someone who has (or flip it entirely) once you have a site plan of the property's potential.

Another option is to have him seller finance at a rate and term attractive enough for him to offset the capital gain.

If not, hire a professional architect or floor plan designer, or use tools like RoomSketcher, MagicPlan, or Matterport to create them.

It really just depends on what types of travelers you're attracting to your units.

It’s also easier to attract investors because they know their risks are limited to what they put into the LLC.Finally, managing the property becomes simpler under an LLC.

If you want to hit the projected numbers or even outdo them, your property must stand out in location, view, management, and especially design.

Most likely because of their attractive flat fees!

So far so good.I do feel like you attract more tenants by offering the W/D. 

However, if it's truly one of those communities that has very high crime and difficult to attract any descent tenants, it can lead to disaster.

That market from what I can see on the few trips I made to perform due diligence is really robust and such a pretty area I can see the attraction for those working in Tech or govmit in DC.