My current focus is on doing my first flip or live-in flip here, and I'm eager to learn from those with experience in this space.I'm particularly interested in developing solid systems and strategies to achieve long-term financial freedom through real estate.

I recommend GC Realty & Development as a property manager if you want to pursue that market.  

I've developed some great relationships and also a business partner from these meetings.

For example, Bali’s real estate market has attracted interest from international investors due to its growing tourism industry and development potential.

So are you saying we should go with an LTR first and develop some knowledge/experience before getting into STR's?

The list may be on Michigan state Housing Development Authority website.

This gives people little reason to choose older existing homes over new developments.

Essentially, this follows the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) method, but with the twist of continually developing more homes on the same piece of land.Do you think this strategy makes sense?

I purchased the property after reading Brandon Turner's Rental Property Investing, and with what I learned, planned to purchase 1 property per year for 7 years to develop a solid stream of passive income.

BUT, I am confident that while the above covers MOST situations, in a country of 300 million + people there are locations where a 12% ROI exists for a car lot - though you may be giving up the “windfall” of a developer wanting and willing to pay a premium for your lot.