Do they want the transactional expert or would a relationship be more valuable to them?  

I'm not a lawyer or anything, this is just coming from what I've learned on here, there are many valuable old threads about this topic on here like this one:https://www.biggerpockets.com/forums/83/topics/86029-subject....and this one:https://www.biggerpockets.com/forums/311/topics/183825-due-o..How is it working our for you in practice?

At a minimum, having viable plans in place for development will make these lots more marketable and valuable to potential builders when we have conversations. 

Very valuable information.

A great agent can be such a valuable resource on your 1st property, because of all the nuances in RE transactions.Just an FYI, 5% conventional for MF is an option now.

As David M. stated above, having something that would pay one-half of your mortgage payment is quite valuable.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

This is a very valuable skillset to have in your arsenal as an investor that can dramatically increase your net worth in a short period of time if the strategy is applied correctly.  

Also we have two great BP meetups per month here that you might find really valuable.