What is the experience of the group at performing this sort of development?  

Check out some of things happening in Detroit in 2024:https://michiganchronicle.com/2024/01/03/major-developments-that-will-define-detroit-in-2024/Your first question shouldn't be WHERE to invest (that is #2 question), but HOW you will invest!

If we do a Self Storage development we expect a 400% COC return.  

There’s a lot of new development going on in Huntsville proper, but properties in nearby suburbs like Athens, Decatur, or Meridianville are both more affordable at present and less prone to competition from new construction.$150,000 can buy you a tenant-ready 3 bed, 2 bath single-family home in a B-grade neighborhood.

You know that the best investor-clients, we develop a partnership with and camaraderie over knowledge and a will to work in their best interests.

To help our case, I am thinking about putting together a report of some type that would help for why this development should be accepted. 

Hopefully, based on actual field measurements, past project data, and estimating software, your contractor can develop a detailed estimate that lays out the cost of labor and all materials for each phase of the project.

Once these type investments develop a history, I can see a market similar to peer to peer lending where default rates become standardized and known.  

It's also important to note that because much of the Italian citizens that are there and can vote are in the older demographic, much of the laws and policies are to keep them happy, which means less development and growth.

Oh also number one skill to develop regardless of the route you take is being able to identify and get in contact with motivated sellers.