Local PM here - we have multiple development projects we are gearing up to sell, both small multifamily and townhouses should you want to take a peak at them.

I'd build up and go for at least 2 units but 3 stories is better. 3 story walk up apartments account for almost 65% of apartment developments round he country. this is what I'd recommend on your lot. this is 35' tall and we do it in columbus oh 

There's also huge development projects, many spearheaded by Dan Gilbert's Bedrock investment company. 

Given the location and how the town has been developing it seems like a good investment opportunity for rentals.

My piece of advice would be to research emerging neighborhoods and focus on areas with strong job growth and infrastructure development. 

Instead of platforms like Angi, try building relationships directly with contractors, architects, and developers.

If it were me, I would reach out to other franchisees in your area (perhaps your Development Agent might have some insight...see...I know the Subway lingo and I've done Subways in my banking days).

I've had a long career in community development and have a lot of bank contacts that would likely be interested in investing, but I'd need to prove the concept first with an initial fund (there are also a lot of other community development tools that could be leveraged to maximize and scale this).

Given the location and how the town has been developing it seems like a good investment opportunity for rentals.

I'm actively searching for my next investment and would appreciate any advice from seasoned investors and developers.