The target rate I often see on syndication sites is around 15-18% IRR (and sometimes higher for new development projects).

Develop a system and checklist.  

The reason why "large developers"  finance their real estate with ease is (1) track record; (2) balance sheet/liquidity;  (3) Global Cash Flow.

When I search properties mainly in Punta Cana I always run into sites where condos are in development and have about 1 - 2 years till completion.

Most investors at these events are helpful and good people to get to know and develop a relationship with. 

Its those kind of brokerages that work with investors developers builders etc etc.

The population is growing, there's tons of development opportunities, and a nice mix of industries - tech, healthcare, manufacturing, etc.

Add to that insurance costs, etc. and it's not looking good.However; what Trump can do that will help is to cut out some of the environmental regulations, etc. that drive the costs of development up. 

Best uses: Large estate with mother in law homeSmall development with 1/2 acre luxury homesTiny home communityOffice spaces made up of tiny home officesSmall retirement communityRestaurantsFlex warehouseCommercialThe property has approx 40' of Wilmeth Rd frontage.

Far less risk than developing and you'll get cash flow immediately.