John has now increased his monthly earnings from his RE investments from $1200 (SFH1) to $1500 (SFH1 + SFH2 - LOAN).As long as John screens properly and installs the right sort of tenant, he will ride this to greater prosperity. 

Repeated flipping of homes or new home development for immediate sale are the types of things in the real estate space that can trigger UBIT.

I am currently doing as much research as possible on the side to increase my knowledge in both investing and developing real estate.

Don't forget these because some banks won't refi until you have a proper seasoning period. 

I am thinking of buying land and developing a small project.

Properly written, YOU set the incremental increase in the offer (say $1,000-$5,000) up to your maximum offer amount.  

That being said, I do not have the time nor extra energy that I would want to be put into the proper managing of my house .

My thought now is to possibly recoup the funds, I close on an additional deal this coming Friday that will have similar numbers, and attempt to find a proper BRRR multi family before years end. 

I want to improve communities through new development and make it affordable while also making great returns as well.

But when I worked out my numbers, I think I had to many questions on whether or not I was understanding the strategy correctly and doing the math properly to jump on it so quickly.