I'm new to Padsplit as well and I don't own one yet and looking into develop my own. 

I actually interned for a company in Iowa City that did real estate, property management, new home construction and development.

Should I go ahead and develop the land entirely and risk losing that money? 

I would assume that you'd just simply sell each individual lot to the developer at a set lot price such that your cost to purchase the raw land and improve it to buildable lots was worth the proposed profit per lot.  

BP Community, I’m reaching out because my 13-year-old son has developed a huge interest in real estate, and I’m not sure how to guide him. 

Additional Details:The property is in a desirable area with good amenities nearby.STR data from AirDNA shows decent revenue potential, but the lack of comps makes me hesitant.I’m looking for a balanced approach that minimizes risk, even if STR performance doesn’t hit expectations.If anyone has experience investing in Cincinnati or navigating markets where STR data is sparse, I’d love to hear your thoughts.

Networking in various real estate associations to develop DEEP relationships is part of this program.2.

The actual potential value of the property is disproportionately higher than you would expect based on current revenue.  

@Nicholas L.What Nicholas said.I would also develop a list of buyers and what their buy boxes are.    

It is important to look for locations with strong economic growth, rising demand for housing, employment, vacation and infrastructure developments, as well as properties that offer the potential for value appreciation or steady cash flow.