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.

King of Prussia Mall will soon house Netflix House, offering escape rooms, live events, and more in an immersive experience set to open in late 2025.These entertainment-focused developments highlight a broader trend toward creating mall spaces that blend shopping, social activities, and community engagement.

Yes In Gods BackYard (YIGBY) is an incentive program many states offer that allows churches and other religious non-profits to develop low-income housing on their land with speed and cost incentives.

We should have a lot less residential development being delivered in the next 1-4 years, which should shift the supply and demand for long-term residential and should have increased organic rent growth in the future as we saw from 2017-2020, but counting on that as an investment strategy probably isn't the best idea. 

., not sick, just died.Then it was bought by a solar investment company that developed the nearby fields as solar fields and did not want a house by their fields. 

Additionally, the macroeconomics here has seen significant growth - population and jobs are both growing, and major companies started moving and developing here (Intel, Google, Amazon, FB, etc).