It is becoming a highly saturated market and you really need to make the place nice in order for it to get traction.

Daniel needs to disassociate himself from Jonathan.Hence, looking for alternative recommendations for my next projects.I wanted to provide an update, in case it helps anyone.

It is proven high end and has some of the best views - it's truly a rare opportunity as developable land disappears quicklyIt's 8 prime lots (around $1m a piece) and half are multi family (2 duplex and 2 triplex). 

:) You have a high paying job as a physician. 

1. use the 1031 money to buy 2 investment properties with a combined values >= the sales price2. use the 1031 money to improve one of my existing investment properties (e.g. building an ADU / remodeling)Thanks

My guidance is always to first determine your exit strategy and then reverse engineer into the resources you need, and the platform that provides them, in order to achieve your goal. 

How did you add value to the deal?

This is just a high level, general statement.Conceptually, selling separately sounds like a bad idea.

While I’ve never done a project like this before, it’s something I’d love to take on—or at least organize and bring in the right experts to see it through.I estimate it would require around a $2M investment to build 5 houses on the lot, with each home valued roughly at $600K.

If you already have a high net worth or a high enough salary then you can focus more on equity plays.