I would like to know if I could create cashflow from a studio apartment across from the beach.

Raise the $600K, do the pre-development work, then “sell” the property to NewCo.  

My main point is I am working on a solution that will focus on the developer's bottom line.

We have a large piece of land undr contract that we'd like to develop for IOS.

If there are plenty of studios or private single rooms at the same price or cheaper than a shared-space room at your place, you will definitely have a hard time filling up.Are there extended-stay motels in your property's area?

The lower your “Mission Driven %”, the higher your interest rate will be.Note - Mission Driven 80% AMI rents vary by unit type [IE - Studio, 1 Bed, 2 Bed, 3 Bed, etc] and location / zip code.

Eligible developments can now move forward with streamlined approvals provided they meet affordability requirements.

Since you're familar with commerical development, most enginering firms, and attorneys work on both residential and commerical. 

Quote from @Jonathan Glumac: I work for a MF Development Company in Texas and I want to get my realestate license.

As we are working on our first development, which builds out a failed development from '08-09 and then expands into raw acreage beyond that, I am learning so much.