Positioning your project as a boon for affordable housing might really help sway the city in your favor.

Just do yourself and everyone else a favor and complete a 1031 exchange. 

@Dominic RichardsonColumbus, OH has favorable rent to price ratios for the all the upside the area has.

Look for lenders with competitive interest rates, favorable terms, and a good reputation for customer service.

Unless it's a billionaire that is looking to do someone a favor. 

On the other hand  If you know the markets that are more favorable and attract high qualities tenants land lording can be very easy with little to no worries.  

The sooner the better in my opinion though, there are tons of investors waiting on rates to drop before they get into the marketplace so when they do that's going to bring so much demand back into the marketplace it'll cause prices to increase at a much faster pace again.You can take advantage of the market that isn't as favorable right now and negotiate a great deal and still refinance in the next few years to help improve your position.

I try to buy a primary residence every few years to take advantage of the favorable financing with the goal to eventually turning them into rentals.My company does 20 Flips/BRRRRs per year in Jacksonville FL and we use a hybrid approach.

When it comes to closing costs you can use the builder or the equity of the land in your favor to help with closing costs.

Even the Attorney General has advised that passage would likely result on a lawsuit that would not be favorable to the state.