Quote from @Clint Miller: Anyone here in the community used construction loans to scale their development projects?

I always suspected that to achieve anything of great notoriety in Architecture one needed to have access to wealthy friends or develop projects oneself.

The city's economic development initiatives have been attracting businesses and professionals, creating opportunities for real estate investment.

Funny enough, after making a few calls to my network in Scottsdale, plus tapping into a couple of connections I’d developed through some late-night investor meetups, we found a buyer quicker than he could polish off his morning espresso.

If the number are close[100k or less], do preemptive due diligence [water, sewer, stormwater, planning and zoning] if the property is considered for a new build development situation.

That neighborhood is buzzing with potential-young professionals, trendy developments, and a rental market that’s always in demand.

I assume pros are little maintenance, no cap ex for maybe at least a decade, and possible favorable loan terms from developers. 

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

In my development I am building a few of my clients have had packages stolen and one theif even took the welcome mat :)  but these are normal front yards etc.  

I know some mentioned about developing banking relationships and I totally agree with that, so here is what you do. 1) Open a business checking account in the name of your LLC to hold the assets. 2) Deposit your cash into that account to fund the real estate purchases3) After owning for 60-90 days, talk with a local lender about a line of credit against the 2 properties at 60% LTV. 4) After about 30-45 days, have the line open to use if you need that liquidity that you used, but until then you are not paying 7% interest on nothing.