This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

You could also look into regional banks or credit unions with experience in real estate development for middle-ground options.If I were you, I’d spend some time shopping around for the best rate/terms.

I currently do Business Development for our property management company and work with all of the new owners and properties.

I have bought a couple of units and now working on my own development.

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. 

Building a new location, development profit., B. 

If you are not attached to the duplex, could be a good time to sell to developers who want to convert to individual condo units.

My business partner and I are developing a 60 acre 15-unit glamping/wedding boutique resort in Asheville, NC right now and learning a lot along the way!

Price $25,000 they could have developed and rented.  

Depending on the development of the software, it would be interesting to see if AI can replicate the role of a listing agent.