It's to easy to dig a hole for your self on good intentions.

Also Solo 401k could be a better option for you if you're self employed with no FT W2 employees.   

(Land and construction cost, expected sale price, etc.)My last development in Chicago looked like this:Land = $300kConstruction Cost $650kHolding Cost/Closing Cost/etc. $50kProfit roughly $100kThat project was in Bucktown on the nw side of Chicago.

These kinds of developments can be huge draws for both residents and investors.

Areas with infrastructure growth and new development are excellent targets for long-term value.Key Tip: Adaptability is essential in 2025.

For example, I know a lady in my local market that is very successful in the land business and has developed a niche that cashflows very nicely, without a lot of stress, as she puts it though I can't imagine how that is possible. 

The surrounding lots are developed and have houses, It is not a closed community but it looks like one.

Time in the market is very important to long-term rentals and if you can learn to buy one good deal per year and become well-versed in Section 8 you will succeed.I like the model of starting with self-management.

Either way, i always decide to buy additional properties as opposed to developing what i have, because I’ll continue having that and can do what i please in the future. 

The city's macroeconomics is looking great - lots of population and job growth due to the booming tech scene and many companies choosing to move and develop here.