You will need a licensed TX attorney to oversee the legal documents, you need escrow officers and transaction managers and business development/marketing.

Philadelphia has implemented various forms legislation over the years between abatements, land banks and density bonuses geared towards promoting development in areas that suffered from disinvestment and housing affordability challenges with some legislation having been more effective than others. 

@Jordan Sachs This is 100% a state law issue... developed through court cases over time.

Plus you still have to actually underwrite the entire deal (purchase, construction, carry, etc to develop accurate CF/profit).

A mentor to partner and begin developing with him.I haven't seen any good coaching program around here.

Approximately 30% of this area is made up of vacant lots, creating a prime opportunity for real estate development.Griffin Modern is taking full advantage of this landscape, acquiring lots for under $10k and developing homes targeted at young, first-time buyers as well as investors.

“As alleged in the complaint, Pina exploited celebrity status and social media to develop a devoted following of potential victims,” Sellinger said in a release.

You'd be better off building a solid emergency fund and developing relationships with reliable local GCs.

What kind of funding can I acquire to develop this property?

With no RE background and a full time job I was still able to create the right entity I needed, develop a powerful tax strategy, found a partner to invest with, and about to close on a rehab where we will both make $25k+.