Maybe attend a chamber of commerce meeting and ask around where development will start.

It's a little remote, however, the community seems to be new and growing and there are other houses and developments going up near by.

I’ve developed a Comprehensive Investor Report (CIR) for a property in Palm Coast, FL, designed to be transformed into a luxury rental asset while serving as the foundation for a scalable asset management strategy.Here’s a quick snapshot of the deal:Property: Red Birch Lane, Palm Coast, FLCurrent Value: $350,000+Mortgage Balance: $165,000Current Equity: $185,000Investment Required: $177,500 (for luxury upgrades and optimization)Projected Monthly Rent: $4,500 with 2% annual increasesTarget ROI: Full 1.5x ROI for investors achieved in 9 yearsLuxury Features: Smart home automation, designer finishes, professional-grade kitchen appliances, and more.I’ve also structured a capital distribution plan with a waterfall approach:8% Preferred Return for investors.Full Return of Capital to investors before profit splits.Post-ROI, a 20/80 split (Investor/Management) ensures long-term alignment.

This gives you a foundation for making a fair offer.Secure Financing: Be prepared to show you’re a serious buyer with funding lined up, whether through cash, traditional financing, or a creative option like seller financing.Have a Strategy for Repairs or Development: If the property is distressed, outline how you’ll handle improvements to bring it back to productive use.

I also look at future development plans in the area, as new projects can increase property values and attract more renters.

Also keep in mind in LA most of those lots were created from 1900 to 1950s and well they are lots of record.. and were developed with the standards of the day..

Here are a few things that I like about the neighborhoods in Indy compared to other states: high rent-to-home-value ratio, consistent and gradual city development, relatively low property tax and insurance cost, affordable renovation service cost.

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

I currently do Business Development for our property management company and work with all of the new owners and properties.

A Surge in SupplyCharlotte’s rental market saw a notable influx of new units in late 2024, with several large developments hitting the market simultaneously.