This is a very fluid exercise and SHOULD be done frequently so that you know you’re making progress and can shift your goals as life develops.

To overcome these, investors should focus on smaller properties, value-add opportunities, expand into secondary markets, leverage creative financing, partner for scale, monitor development trends, network aggressively, and use market data tools for tailored advice.

I have dedicated the last year to educating myself on real estate investing and development and looking to get out of the solo day-to-day labor as a tradesman.

Adding a single small unit is very expensive development.  

If the land is in a suitable location, this could open up opportunities for developing 2 homes or even selling off one of the lots, which could lead to a good profit.

One community I invest in is currently adding a quarter billion dollar mixed use development the other is at an interstate insertion that 4x's the population with travelers daily. 

Funny story, but actually one of our MTR tenants is an interim VP for Cone hospital who is in charge of their real estate development acquisition department.

Will you hire a developer or build it yourself?

So you need to develop your checklists before you bring your first deal.  30 days is a very short time to execute and learn.etc etc.Use the above to start the development process for your wholesaling efforts.

For a number of years the majority of my time has been devoted to investing and developing.