I am passionate about helping investors build life-changing wealth through scalable portfolios.Background:Currently pursuing a Doctorate in Business Administration, I is fluent in Spanish and have spent a decade in nonprofit work and overseas missions.

I'd build up and go for at least 2 units but 3 stories is better. 3 story walk up apartments account for almost 65% of apartment developments round he country. this is what I'd recommend on your lot. this is 35' tall and we do it in columbus oh 

There are good relations with the neighbor so this likely wouldn't be terribly difficult to pull off, but I haven't ever developed a property from scratch so I would definitely like the opportunity to partner with someone on this to help ensure the success but first I want to finish the smaller property to have sufficient funding available if it is needed.

The Greater Phx area also has more places to expand, but be cautious of "island" developments that are separated from bigger cities. 

@Jay HinrichsI currently develop in NC.

This sounds like a development, so you and your team should have years of experience and a track record of success before you take other peoples money. 

One of the topics was him developing 5 acres in town near the golf course.  

What's the best way to navigate this situation regarding the application process as well as the lease administration?

Try and make it worthwhile for them and you will develop a relationship.4) to find properties, start calling owners.

No guarantee this will continue but I see elected officials making policy mistakes that will lead to less development and that makes me believe constrained supply will continue to drive above average appreciation.John