If they don't approve the project, all the time and money spent chasing it yields no return.3) Market Risk: The market can change during the entitlement process, which can also work in your favor like it did for many Developers in 2021.That's why knowing your municipality, understanding their processes, and making wise decisions in selecting which projects to pursue are crucial.Success in development requires choosing the right projects that 1) meet your criteria and 2) have a promising path to approval.The good thing is that this risk is compensated by having a higher return.

@Maria Jeanette Using a self-directed IRA (SDIRA) for real estate investment offers control over asset selection and tax advantages, such as tax-deferred growth (Traditional IRA) or tax-free growth (Roth IRA).

The ARV, this is a learned ART..

@Alan Asriants Since you already received your decision,  I assume you selected the non oral hearing option?

I’ve got my tenant side under market rent because we hand select the tenant for that side.

- You can find this out by going to Zillow, selecting your Zip code or Neighborhood, and looking at current rental listings.

Right click on it and select "Save as".

Happy clients are your best marketing tool.6.Be Selective About Clients and Properties: Early on, I took on every property and owner.

"Sizing up"= determining HOW FAR a Fire Chief and/or the local building/planning department of the jurisdiction your cabin is in can/will go is both a science and an art, IMO.* This could be a standard issue type thing and if u do nothing, nothing will happen or it could end up being your worse nightmare. 

This is consistent with data from sources like Zillow, Redfin, and the local Santa Barbara Association of Realtors.However, when I go to "Pick Markets" and select Santa Barbara, the median home price listed is $620,000, which doesn’t align with what I’ve observed locally.