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

Because you are self servicing your loans most are not legally compliant with consumer protection laws and CFPB requirements such as sending statements on a monthly basis that have all the language the CFPB requires as well as each state may have additional requirements for sending out just a simple statement.

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.  

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

Make sure you know your exact insurance costs with a specific STR policy that has general liability as well.

I am also looking to invest in a property in Texas, specifically San Antonio. 

Based on personal experience, I would add assuring the lender is specifically authorized to perform an on-sight property inspection, at the lender's discretion / convenience. 

It’s crucial to stay disciplined here, as overspending on land can limit the funds available for construction and other expenses.Development Scale: I’d recommend avoiding developments in the range of 4-50 units unless you have a very specific reason.

I have a senior living project with entitled land ready for development, and I’m exploring options to attract investors who would see the value in this growing sector.If anyone has experience or can recommend a specific approach or network in our area that would be worth exploring, I’d appreciate the insights!

Comprehensive CoverageBasic Coverage: Covers specific risks like fire, theft, and certain weather damage.