Hi everyone,I’m exploring a unique development opportunity involving my property and neighboring parcels, and I’d love some advice on how to move forward.My neighbor is currently in the process of building 54 townhomes on the property directly in front of mine.

In Tennessee, my go-to is Southpoint Risk in Knoxville.

If you want to build equity quickly, some level of hands-on involvement is key.

I am guessing a few will say to have my lawyer do it, but the other LLC was so seamless that it seemed superfluous to have someone get involved. 

Since the property has vacancies, a buyer might discount for lease-up risk, so that’s something to factor in.I owned a multi-use property in IL that is definitely different than what you're looking at.

Take your time, be wise, and time will reward you. agree 100%. you have people here on BP who have been in real estate for 20+ years and always talk about the risk and how hard it is - and then you have people who will tell you that after a weekend of a month you can make six figures in real estate. 

I'm feeling that I am being milked and preparing to get my attorney involved if we don't settle this soon.

There is actually real risk here.

I was involved in two small infill developments in Michigan (about 15 houses in total) so two very small parcels. 

The cost of a sewer line is the same whether it is on a triplex or a single family home, but with a MFU you can spread the risk.