There are pot holes at every step form entitlement to permitting to the vertical and getting CO. 

At a minimum,  you should understand what the current zoning is and what restrictions there are.As the post above mentioned reaching out or going in person to speak with the planning and zoning department will be very helpful. 

You should speak with your real estate agent and/or a real estate lawyer here.

However, as the saying goes, while everyone is entitled to their own opinion, nobody is entitled to their own facts (as there is only one set of facts). 

The quiet enjoyment mention is very relevant as everyone is entitled to that.

thanks for the guidance @Kaushik Sarkar Since it's development it will take longer to get to the exit. 3 years could be right depending on the market, if the project requires entitlements, how long it takes for permits, no major utility obstacles, etc.

. :)And you're entitled to your opinion. 

For example, if I purchase a site entitled to 100 dwelling units under a newly formed holding company and the only thing linking me to it is a shared PO box mailing address on the holding entity, the lender gets alerted.

They list seven tenant archetypes they'll never rent to, ("Entitled Tim," "Larry the Lawyer," "Dirty Dan," etc.) and I was curious about a situation in which one of these applications actually appeared to be the best on paper.

They cited insurance reasons, which could very well be true, but many residents felt it as a big "f you" Now folks from outside the community could argue this was an entitled stance from the residents, to feel they had access to this private land when they didn't, and that on the face is certainly true.