I went to a development walkthrough event with them in Dover, NH recently and some of the people involved are in Maine.

Development is a complex and often strenuous process.

Government Programs and SubsidiesYou might qualify for programs that offer incentives, especially if you're investing in areas targeted for development or revitalization.

I got 2 payments as finder's fees from a developer/builder, and they see it as a line item in their expenses, like paying for drywall.   

Remaining focused allows you to develop market knowledge and to build better relationships.2. 

It is expensive building small units in single count; some of the most expensive development that exists.I have made a lot of money in RE, but it has not been passive and much of it was achieved at an easier RE market than today. 

What Prashanth said above is true, development sucks (I've been a land broker who sells to builders for 15 years).

For a new developer with no experience, I would count on having to have 25% of total project cost (if land is 150k and cost to build is 350k, total project cost is 500k so expect to put down 125k). 

I personally work with private money a ton in my development deals and most are in 2nd or 3rd position but have lots of equity and established relationships. 

Relationships are everything in this business.Our current land development pipeline now comes from relationships with a local landowners.How are others sourcing deals?