Hi everyone,I’m exploring a unique development opportunity involving my property and neighboring parcels, and I’d love some advice on how to move forward.My neighbor is currently in the process of building 54 townhomes on the property directly in front of mine.

Is there anything specific I should focus on during the due diligence process, particularly regarding title and document inspection, compared to a traditional sale?

Was the process smooth, and did the property meet your expectations?

The seller is out of state and even visited the project a few times to check on the progress which I think helped him feel good about the whole deal as well. technology made the whole process a lot easier in the interim.

But it might make sense to work with folks who can offer more focused guidance on filling the knowledge gap you have.If you shoot me a DM, I can also ask around for more of 1:1 coaching opportunities. 

Inevitably there will be some "friction points" that you'll have to discuss/mediate, but ultimately if they are not willing to adopt a majority/all of your processes, then I think you mutually set up a date that works for them to move. e.g. 60 days, 90 days, etc...

While I would like to add an ADU  I do not have the time for the permitting process.

- Controlling costs for payroll processing, unemployment charges, workman's comp and liability insurance- Coordinating ServiceTech & tenant schedules for appointments--- There are several industry vendors that focus on just this!

There is a huge group of investors in this community that will help guide you throughout the process.

I learned a lot through the closing process and also as an actual landlord having to deal with issues.