If there are other small lots around that neighborhood, the zoning board likely will approve some kind of building though.  

ThansksSame process and lenders and normal loans, it will be a loan for the entity and probably guaranteed by key officers.

I believe collaboration and shared knowledge/insights are key to success in real estate. 

Should have done cash-for-keys with the occupant.

@Christian Gibbs a lot depends on what the attendence at town council is about, are they specifically representing you and your property to town boards?

Next is to start building a strong network of local contractors, property managers, agents, lenders, and attorneys—they’re key to keeping things moving smoothly.

A novice going out of state to start is an absolute recipe for an unmitigated disaster -- just look at the out-of-state threads on this board.

Quote from @Account Closed: Hey guys,I have no experience but after looking at all my options I have come to a conclusion that my best move is to buy land and develop multi-family apartment building (15-20 unit) 2 story somewhere between Miami Jupiter.Budget for everything 3MDone with cash + 6% line of creditLooking for long term holdI would love to hear any insight on what areas I should look at, ballpark of build price (hard costs and soft costs) and would love to network with anyone in the area on this.ThanksIf you're looking to develop a 15-20 unit multifamily building with a $3M budget between Miami and Jupiter, there are a few key things to consider:Land Budget: Aim to keep land costs around 10% of your total budget.

AAA The first step like others have mentioned is the zoning board and an architect. 

I think the key word is community, and I've tried my best to cultivate a great culture and group of people.