They will not finance new construction correct? 

The influx of tech jobs, manufacturing, mining, and Californians there is a strong population and combined with limited to no multifamily new construction we expect a severe housing shortage.

Unfortunately, more mobile home parks are redeveloped into a higher-and-better use every year than are newly constructed.

It's another form of DIY/ sweat equity, just as folks learn basic construction/ home repair skills to save thousands.

High rates are here for at least the medium-term (1-2 years), so deals will have to pencil in this current environment.You may also want to consider hard money for your lending, as they can often fund your construction with far fewer restrictions than a HomeStyle loan.

The biggest things you can offer in development are finding a deal, finding capital, or construction expertise. 

Could be less on newer construction but you’ll pay more for the property.  

Keep your day job.Fortunately, this is my 2nd business and my primary business is small construction company. 

I've learned a ton about syndications, partnerships, funding for construction, the development process and so much more about managing consultants than I will ever care to admit. 

Land development and construction are two different disciplines.