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

Average person can't visualize how to fix it, but you can (create an extra bedroom for example)3.

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

Staging your house well can help you attract more attention from buyers, which ultimately helps it sell faster and maybe for a higher price than an unstaged home (see visual):What Are My Staging Options?

Does anyone know, or have a good idea, about the difference in returns on entitling & developing the land for each scenario, with final objective to sell to a builder to build and sell the structures him/herself.  

Your 1st photo is your Visual HOOK.

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.

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 ...

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

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