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

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 ??? 

Traditional banks sometimes balk at it because they see it as riskier, but local credit unions or regional banks tend to be more open to it, especially if you can show a solid plan for development or resale.

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.

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.

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. 

There is a development that is being redone and the price point is low.  

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.