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

Once the seller signs it, use your CRM to mass-contact investors/developers/flippers in that area (perhaps using your database/services in a different way to identify these LLCs/people) and sell them your contract with an assignment fee. 

If the other two parties want to flip a house maybe they can do just that as partners and then sell you the house which you can buy with a primary home loan with low down payment.

In my view, this trend is likely to persist and could be a strong demographic tailwind for a long-term investor like yourself.Specifically, Athens, AL—a city about 30 miles west of downtown Huntsville—was the #1 fastest-growing city in the state in 2023, so there’s a lot of growth, development, and opportunity in and around Huntsville proper.If you have the time, do some driving around.

There is a house (2b x 1b) in the family I was interested in becoming the owner of.

In Columbus, you can still find the 1% rule and there's amazing appreciation potential due to how much population growth, job growth, and companies moving/developing there (recently Anduril just announced another 4,000 jobs coming to Columbus Ohio on top of Intel, Google, Amazon, FB, Nationwide, Ohio State University, etc.).

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.

This is very useful.You could build a deck or gazebo to house a hot tub.

And the changes, such as regulation, city development, traffic flow, building views etc happen very quickly. 

However, I’ve developed some rules for when I utilize a subject to or wrap transactions as both.