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Here is a quick high level summary of things you need to consider before you close the land.Check with the city or county to determine what is required for all approvals including site plan and building permits, proffers, water/sewer tap fees, bonding requirements, inspections and CO process and time frame for all approvals.You also need to check with the utility companies and get an idea of availability and cost estimates from them for water, sewer, power, gas, cable, installation and connection requirements, tap fees, hookup charges, transformer location and relocation, power line and power pole relocation issues.Check to see if you have to install any manholes, fire hydrants, curb, gutter, sidewalks, street signs, street lighting any specific street design or access requirements,.Check DOT requirements for access, stop lights and permits, traffic studiesDWQ requirements for permits, permit fees, time framesThis is a broad overview of the process and your civil engineer can handle all of this but it's good for you to know exactly what's required.

This will be my first Airbnb but not my first rental, So I'm not sure if the traffic demands on floors are different between the two?

@Ryan GriffinHi Ryan,It's obvious that they only earn enough to live "Paycheck to Paycheck", which is why they rent vs own.Paycheck to Paycheck renters can be suddenly short on money due to an unexpected (unaffordable expenses, car repair etc... or other personal issue such as a traffic ticket, missing work do to being sick or hurt, etc...).Some people will spin stories to string you along (because they have to--to avoid losing a place to live and further complicating their life's problems).So goes the rental business.Good Luck!

Check with the city or county to determine what is required for all approvals and the time frame, Ask if you have to install curb, gutter, sidewalks, street signs, street lighting or any other special requirements.Are there any specific street design requirements, DOT requirements, permits or traffic studies.DWQ, Army Corp or any other environmental requirements or permits.General permit fees, proffers, water/sewer tap fees and the process of setting taps and connecting.

My partners and I are Air Traffic Controllers and take a similar "systems and checklist" approach to our growing business.

I like the idea of flipping, but I need to organize some systems in place before I attempt that.

There will be some digital marketing involved to bring traffic to a website designed to capture the leads.I know there are regulations governing marketing for investment opportunities, but this seems like a little bit of a grey area.

Also, the scene is very transient and organic.