Or start looking at other strategies and creative financing methods.Maybe you should stick to getting the first one using the House Hack, develop some experience, and review/revise your goals 6 to 12 months after that.

As Rob said you could look around the Carnegie Mellon area, Strip District, by the Almono Development, etc. 

If anyone can also throw in any development they may know of, starbucks, grocery stores.1 Bedroom 6002 Bedroom 700Any input is greatly appreciated!

Does anyone utilize a checklist when taking calls from prospective sellers in order to maintain consistency and gather only the needed preliminary information? 

Many here may be familiar with appraised value but the bank may have asked an appraiser to develop a market price with a few assumptions.

The speed with which you develop each stage of your plan will flow from then, right?

It's a very exciting market to explore because there's a ton of revitalization and new outer-ring development happening simultaneously, and we expect it to stay that way for quite a while.

I am fairly new to the real estate development/home builder market.

I have purchased a lot of land just outside of Palm Springs (Riverside County) and am looking to develop it with a single family residence (circa 1400sqft 3bd2ba).

Seems like they are looking to start spending on new developments in many different ways.