Excited to join the BP community.About myself - I am a principal of a RE development company and co-founder of an proptech company. 

Hello BiggerPockets Community,If you're in real estate, whether as an agent or a developer, SB-9 in San Diego City is something you need to have on your radar and smart investors can make it work to their advantage.

Where single family rentals weren't exciting to me, building and developing land and redeveloping old spaces really intrigued me.

I'd really vet the developer, their past projects, talk to prior partners (GP & LP) to see how prior development deals worked out and how the communication was, etc.

Gross Margin is an important calculation for developers/builders.Gross Margin = Gross Profit / RevenueWe shoot for a 20% gross margin on our New Construction HomesReal #’s:Home Sales Price: $374KClosing Cost: $18,700Cost of Construction: $258KLand Cost: $30KGross Profit = $67K$67K/$374K = 17.9% Gross MarginCame slightly short of our goal of 20%Homes Values and Build Costs are constantly fluctuatingI wish we had a crystal ball

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

Experienced developers, could you tell me how the process/financing works?

we need our own forum for this concept. I'd argue that there are very select zip codes where this strategy works. You need to find a zip code where land values are 10% of less of after built value. You have to find a ...

They should also have proposed or preliminary site plans approved for the remainder of the development.

To create a rural development offering affordable acreages homes, each with multiple acres, where owner’s may have animals and space to grow their own food.