Typically, you would have a pest control service visit every 2-3 months, but this can vary depending on the region and the specific issues you're dealing with.

I don't have anything specific to add other than I am a member and agree with all of the posts above.

Direct mail still makes an impact too, especially when you’re targeting specific areas.

Will raise prices as we get near 85% full or by size, as we run out of units of that specific size.

Wholesalers use the “option” clause, inspection clause, or a specific “weasel” clause to terminate the purchase contract if they are unable to contract with an end buyer at a higher price.  

I recommend as a first step in your education in this new type of investing - join a Community that is specific to syndication investors.  

But, that is not always the right answer and you should speak with someone familiar with your personal situation to get advice specific to you.

Specifically, I’m interested in understanding the costs, potential returns, risks, and strategies involved in transforming raw land into a residential neighborhood.  

Now if you want to buy and live there forever or you want a specific location or lifestyle or the amenities, might be something to consider, but not for investment....they're for living.Your best option right now depending on your income, is probably to buy at least 4bed house or 5 bedroom if you can make it work financially and rent bedrooms. 

You’re thought process is good, BUT, if your market timing is incorrect, or the specific property you purchase lacks tenant demand, you can get stuck with an “alligator” for a long time.