I am a Real Estate agent, investor and developer in central Houston, feel free to reach out with any questions. - Chris Kersey 

The analysis also reports that new multifamily development will “remain near the average recorded over the past five years”.Integra Realty Resources’ 2017 Commercial Real Estate Trends Report ranks Pittsburgh #2 on its Top Markets by Multifamily Transaction Volume Based on YoY Change.Pittsburgh’s rental vacancy rate has declined by 25% over the last five years.Pittsburgh is booming with developments (see reference #6), “there is no better place to be a developer right now than in Pittsburgh.

Regarding the HOA and CC&R's, the builder can make changes to the CC&R's pretty easily while the development is under Declarant Control.

However, you have to invest in specific communities where they are encouraging development.

There are many new developments going up but traffic in some areas are horrific, especially at peak. 

You need to develop a subject matter expertise and treat this like the hands on business that it is. 

Does anyone know, or have a good idea, about the difference in returns on entitling & developing the land for each scenario, with final objective to sell to a builder to build and sell the structures him/herself.  

Columbus also has great macroeconomics - lots of job growth, population growth, and major employers developing here.

Software developer - "What things do you look for in a CRM?"

Many Texas cities are incentivizing developers to build affordable housing units, but challenges remain around keeping these homes accessible long-term.