There have been a lot of restrictive laws passed in the past few years in Colorado.

@Jacqui CaseyAs others have said be aware of HOA rules that might restrict STRs. 

North Oak Cliff is a neighborhood, and east Dallas is a bunch of neighborhoods but Lakewood, Lakewood heights, Lower Greenville, M streets are a few. 

Waldo Heights Apartments is adjacent to these currently listed quads.

I was thinking about selling blocks of investments into the project of 50k increments and it being set up like a real estate trust/ private reit without the restrictions. any advice on something of that magnitude with multiple investors since it couldn't go forward until all blocks were filled. 

FHA can have other restrictions on condition as well. 

Our lending criteria are narrow but not overly restrictive.

Is there a restriction that does not allow to further split the land up if it was already split once as part of a big land before?

Restrict that "cost" to the DP. 

The banks in USVI are VERY risk adverse resulting in major processing costs and restrictions that are costing us money.