When you get the opportunity down the road you could change the facade permanently.

And you must not forget that WHEN (not if) there are bumps in the road the monthly distributions will be put on hold, you may be told to have to invest more (a "capital call"), or you may lose some or all of the principal originally invested.Spark's self-reported record is "two dozen or so" investments, 2 of those have had their distributions paused and one of the two had a capital call.

Overall this one will make me a better investor down the road, and has definitely made me more conservative when analyzing properties.

Building roads and extending utilities comes after a lot of other expensive and time-consuming work.

.:: most companies are going to be dead situation now and they are holding cash as the number of orders has been slowing down a lot ….. the number of layoff in trucking sector is worrying becoz they are the front in inflation indicator  Take care on the road, hope your having some fun;)Yup, wholly agree.

On a main road, but a nice 1/3 acre lot.

There are also communities that permits are permitted such as Olivia Beach and Road's End (with existing permit). 

The land we are looking into is not yet cleared and abuts a dirt road. 

This move is also because investors are looking for more profit in new places, where there's a chance for growth, better roads and services, and more people renting homes.

1. you're right in the new ones from developers don't produce any cashflow. you might want to look at the secondary market to get better yields as the properties are already built and can cashflow right away. also easier to see comparable rents in the same development. check bank repos, distressed sellers and the like. you might also want to get a parking slot for added income as they can be leased out separately. it's also quite difficult to sell without one should you decide down the road. developers usually have an in-house leasing team to handle property management which we use for some of our properties.