Quote from @Devin James: @Jay Hinrichs Developments are definitely BIG money makers, but thats also reflected with the risk associated.That's why these projects take so much time and capital, but if you make the right judgements for project selection, and do all your due diligence, it'll turn out well. my 90 home project in Oregon  started it as dirt before covid .. got 1st phase built then covid hit.. had to fight through lumber sky rocketing and other material shortages and the of course interest rate spikes.. but the project ( and I give credit to my Wife and my GC's attention to detail) has sold Very well for record prices and profits .. its de risked now 22 lots left 13 are presold with big non refundable deposits and only 9 lots left that have no debt..

In DE you have to give 48 hour written notice sent by certificate of mailing. 

Then there os a "De Minimus" deduction amount that you can do for $2,500.

Quote from @Luis De la Puente: In your experience, how do you see private money lenders shaping the real estate market, especially for fix and flip projects?

I live in a cul-de-sac, and had a home share situation next to me for years.  5 guys living in a 4 bedroom house, with 7 vehicles between them. 

These are typically deductible in the year they’re done.On the other hand, improvements that better the property, restore it after substantial damage, or adapt it for a new use generally have to be capitalized and depreciated over time.Now, if the cost is $2,500 or less, you might be able to use the De Minimis Safe Harbor election to expense it immediately, rather than depreciating it.

I'm located in the Delaware Valley (NJ/PA/DE) area. 

I’m a new investor and live in Delaware County.

:)I'll echo what both @Paul De Luca and @Jonathan Klemm have said. 

We have also just purchased land in El Valle de Guadalupe to build in the middle of the corazón of the Valle.