Should I play harder and get into land development?  

I am not the most technical person but in this day and age, not being technical is even more reason to welcome opportunities to use platforms that help develop that skill. 

As RE developers we all know how important it is to hire good, reliable residential contractors. 

Although I find competition for what I call investment grade parks is quite keen.. so returns are more in the MF space.. when you venture out east from the west coast or look at low end parks returns are higher but management is quite intense.. as our dealing with some pretty scruffy tenant base.

It's worth taking the time to understand what you're doing so you can develop your own conviction and confidence.

However, a relative of mine has also expressed interest in investing their own funds into this venture and splitting the proceeds. 

There are Class A industrial projects underway and the development of a large retailer.

Since you are living in the property, you probably have developed relationships with an electrician, a plumber, and a general handyman, if you haven't reach out and meet a few now, while you are in the home, so that you can easily make a call or two when it will be necessary.

Network with experienced investors, choose a real estate strategy, research markets with job and population growth, learn financing options, familiarize yourself with property management, develop a long-term plan, and leverage your stock experience to evaluate markets and trends.Good luck!

I also look at future development plans in the area, as new projects can increase property values and attract more renters.