The idea would involve working together to construct a road that provides access to my property.From there, I’m considering developing a 16-unit multifamily project on my land.

I grew up in the real estate industry watching my father raise money with a PPM for large multifamily value add projects and a developments.

My strategy incorporates asset protection measures like LLCs, specific trusts as well as professional property management to spread risk and ensure quality operations.As well as using tax codes to my benfiitSection 179, IRC Section 162, Cost Segregation and Bonus Depreciation and later 1031 them out for larger projects. 

The lenders that offer the 203k renovation loan are telling me that DPA cannot be used with it and this is in Ohio.

Refinance after project, cashed out and continue to receive positive cash flow.

Here are a few high level thoughts for you as a beginner:-Don't lend in second position-Don't do deals with new investors-Don't experiment with new strategies, even with experiences investors- ie, don't jump in to a first development project with someone just because they've flipped 20 houses. 

Having the contractor relationship in place to move quickly and provide a high quality renovation at a reasonable price.

Does anyone have experience buying properties for cheap from land banks, renovating them, and renting them out/selling them?

As we continue to stabilize supply chains, seasonal and historical patterns can provide insights for executing your next project, ensuring you factor in risk and stay within budget.Question: What are your thoughts on adjusting to the "new normal", how will investors manage increasing costs with many forecasting stagnant appreciation for the coming years?

A local investor will be best equipped to get repairs and renovation done at fair prices, set rents at appropriate levels, and help select qualified tenants.