My question to you all is how did you find and develop a relationship with your private money lender?

If your intent right out of the gate is to develop and sell, the income wouldn't be short-term gain, it would be ordinary income with self-employment tax exposure.Holding for a year doesn't matter. 

Also seeing a lot of growth over in Decatur and the West side over their near the Bellwood Quarry development.

Because of extensive financials you need to properly underwrite a deal, I have found that developing relationships with the top brokers in your market(s) is a better investment of time/resources than talking with wholesalers..

Are the lots in the platted neighborhood owned by a developer or by individuals?

Have you identified any 2-4 units that would work?

Looking to purchase my first investment property in Baltimore City and would like to develop some contacts.

Depending on tenant type you are marketing to (national, regional, mom and pop), how much new development is ongoing versus existing vacant space, and box size type will play into how long it takes to lease a space and get rent going.

From what I know, the common process of financing in the real estate development is like this:https://cdn.corporatefinanceinstitute.com/assets/p...But what if a junior developer who has less job experience in this field than any others and is trying to develop a huge scale of townhouses?

I plan on doing the following: 1.PM will pay 50% of standard rent but will identify duties he has to do for 50%. 2.Develop Property Manager Agreement for emergency and routine repairs and come to terms on compensation.