There are tons of variables to consider in land development.The long time developers I know own existing assets and then value add plays and they make ground up development a smaller part of their overall portfolio so if I project stalls or goes bad it does not take them down.

Thank you for your input and I know you're probably building a huge empire that will last for a life time and more. 

OPM=the key to building a real estate empire.

Can anyone recommend any resources on learning how to invest in land?

If I sell it, I will move the money to one or more BRRRR projects in inland California communities (Bakersfield, Riverside, San Bern, Rancho Cucamonga)  ORDo keep the place because its in a prime location close to the beach and use the $50-$80k I have ready to invest now in small BRRRR play in the same communities?

It's obvious that unless you go far inland, you are looking at 4% cap rate on average.

Hey BP I am interested in SFRs in the Inland Empire, California.

This was the very first book that described a path for the average small investor to, in Bill 's own words "pyramid" a small single family "fixer upper" into a mini real estate empire.  

as a licensed agent commissions are negotiable.. no need to assingn.. simply raise your commission from the get go.I started in land sales in Mendocino national forest.. from Clear Lake Ukiah areas up to Covelo and over towards Garberville... those properties were and are tough to find.. it was a specialty I charged 10 to 30% commission right up front.

If I were you I'd sell the 9 unit and buy SFH's further inland where the yearly expenses aren't as high.