The more you can develop that growth mindset the better off you will be, but it will also take a couple trips and faceplants!

Depending on what you are paying vs the condition of the property today, might be better deals out there on East Side in more developed C class areas.

They don't just touch the coast, it's how they wrap around. that storm that came through Asheville are was what a once in 500 or 1000 year storm and most development has to be done to a once in 100 year storm ??? 

I am local in Arlington and do pay significantly less than $200/pier but I have developed a strong relationship with my foundation contractor and give him multiple jobs a year. 

Most developers would just utilize the extra yard space for outdoor storage.

Currently, I have a ton of equity in my home (valued at ~$4M), have good credit (800+), and despite being between jobs and without a steady income, have the capital now to invest and want to develop a plan so I can take action in one shape or another.

Hey,So after exploring all the different options I have decided that my best best is to develop a multi-family in these areas.

It works for small/medium landlords, but in the long run it makes no sense for large landlords who may pay to have an in house software developed themselves. 

The IRS requires the hours to be specifically in real estate trades or businesses, which typically means activities directly related to owning, developing, operating, or managing real estate properties.IRS Publication 925 outlines what counts as real estate trade or business activities, like development, construction, acquisition, management, leasing, and rental operations.

Tulsa has some promising areas for new construction, especially at the price point you're aiming for.You might want to check out East Tulsa and Broken Arrow —both have been seeing growth, and new construction options can still be found under $200K in some developments.