Utilities are in, phase one of the roads, curbs, gutters and water retention has been completed as well.I have received approval from the municipality to build the project as duplexes that will optimize cash flow and raise the number of finished units to approximately 300.I owe 1.25M and need 1.05M to finish the roads, curbs, gutters, and water retention.The first lien(1.25M) is overdue and was intended only as a bridge.The finished value of the subdivision would be 3.4M -4.5M as finished lots, depending on the comparables the appraiser uses.I have also found a lender that will lend to take the first out, but his points are high, it's not hard to get very expensive in points on a loan size like this.I am outside the Phoenix and Tucson markets in a smaller but rapidly growing area.

Buyer can decide up to what phase they want home built.

They will be involved at many different phases as well.

How do I make the most out of this market phase?

I'm still in my research phase, and have done quite a few potential home walkthroughs.Question for the ranks here... is it ever/can it be a good investment to purchase an unfinished new build, finish it up, then sell it?

I am taking photos of the phases in my construction projects.

At this phase of my life, moving the money into a DST that makes 6.5% cash flow per year, or in excess of $3500/month with no HOA or taxes to pay makes more sense for me right now. 

I guess I am in more of the learning phase right now, but really eager and excited to find my first deal.I work in agriculture retail and got interested in real estate through the research I have been doing through the FIRE community.

My questions are:- What does the planning phase look like?

Quick question, I am currently in the 45 day identification phase of purchasing properties using the 1031.