However, you have to invest in specific communities where they are encouraging development.

;however, my issue is that I dont have good credit and since im self employed I make.very little income. 

There are many new developments going up but traffic in some areas are horrific, especially at peak. 

Make sure you talk to a Banker or Loan officer that is well versed in both SE (Self Employed) income and also Non/QM programs.One tip I will give you as a Banker is open up a "Business Checking account" and for the next 12 months pay "Everything" out of that account. 

Hi @Ramsey Doumani,Your strategy is more than possible, self management with the team you already have in place should be a breeze.

Does anyone know, or have a good idea, about the difference in returns on entitling & developing the land for each scenario, with final objective to sell to a builder to build and sell the structures him/herself.  

I am planning to self manage as well and since there aren't many managers in my area I will likely employ a similar strategy once I decide to outsource the management.

As for income verification, I require the applicants two most recent paystubs and if self employed I need their most recent tax return.

My former journalist self enjoys digging into Colorado laws and counseling my clients on where they can do short-term rentals and under what circumstances.

At the point I made that decision, I didn't even know about self-directed IRAs, I just knew in general IRAs had a bit more flexibility.