One thing we advise our clients to start proactively looking for solid potential replacement early, and that would have the least amount of complications when trying to close.

It can get complicated. 

In most cases, neither is warranted.Warning: I am not an attorney, and this can be a complicated topic.

Not recommended to DIY it, it's fairly complicated.

There is a complicated set of assumptions that go into calculating demand.

It was also $900 a month and very complicated.

There are several niches that we will explore and focus in order to be successful, but we have found that we typically see returns of 2-5 times of our original investment.The challenge with entitlement is there's definitely quite a bit more risk involved as well as a very complicated process (hence the higher return). 

The risks, such as triggering a "due on sale" clause and complicating your taxes, often outweigh the benefits. 

I always recommend you go right to the source when you have complicated questions regarding REI financing.

I agree with those above that it could be complicated but I'm not in this space.