Plus, you get amazing appreciation potential due to how much population growth, job growth, and companies moving and developing here.

yup stayed in the land bizz till late 80s and was in land and timber in the 90s and of course from middle 90s to now I have developed about 500 to 600 lots for homes.And all the while I bought land to flip..

My goals are to start building an investment portfolio of professionally managed (I could tell you all the reasons I will not do it myself) multi-family properties and, in time, develop a property in the Northwoods (Wisconsin/UP).

from my advice rural properties and developments aren't successful and you are climbing an uphill battle. sounds a little niche. we focus on developing and not reinventing the wheel. if this is truly what you want to focus all your time and energy on then visit the closest 5-10 of these that look like the ones you are interested and ask if they'd expand or build a secondary one. do a lot of research before you just take action 

Most of the people that I know that seem to have high net worth you just kind of develop it more accident than on purpose.

Tagged as a developer, surely, you'd want there to be more development projects.

There are/were developments going on last I was out there but not enough for me to want to pursue it at this time.

I am 67 and retired as one of the top Business Development entrepreneurs in the United States so this is a fun way to give back to the industry while changing it at the same time it needs it.. and it is that simple. .

Develop a program coming out of college.  

On larger deals, I've actually seen LTVs come down in the 50%-65% range, depending on the type of property/experience of the developer.