PS I owe our success to this project to my Wife.. if we listened to our GC he would have put in what all the other  GC or builders do..

We lucked into a rehab project and successfully run a short term rental in Bell Buckle TN.

Even tough, I am in information overload right now and working a full-time job at night.

Development projects can vary from a 1-lot Single Family home to 20-acre subdivision, to a 4-acre commercial site, etc. 

If you are looking for a licensed GC to help you with your project, take a look at Peridot Assist (770-984-5353).

I'm still learning the industry,  but I have been able to partner with a CDC based out of texas and they have been a great help and they have allowed me to get involved with getting investors for their project and I'm definitely excited for it.  

This will be tough to run from far away.

It seems these inevitably run into problems as the investment projections are not met, loses begin to pile up, SEC compliance issues are ignored, and numerous legal actions are instituted against the sponsor.   

The way I see it is most homes will cost you 25% down and renovations out of state will be difficult or very expensive so the ability to force appreciation becomes tough.  

Most of CA is a really tough RE market to break into.