The Kingston city planners are trying to develop the place as  somewhere other artists want to live.  

You might get a partner with which you split all the work with, including boots on the ground, etc.What seems to have worked for me in the past is developing a relationship with a local person, who can give you good background on the area and the housing trends.

They have built up the Valley over the past few years and there where a lot of housing developments and apartment complexes which went in during this building craze.

Unless the property is above 1% and has major appreciate or strategic/development value, I would suggest selling.

@Josh MorrisYou can develop a relationship with a loan officer that works with investors and is knowledgable on getting clients pre-qualified. 

I am considering to purchase a land in the bay area for new home construction. I want to get a rough idea on the additional work that's required for unfinished lots (vs. finished lots), lots in fault zone or flood zon...

If the site has an immediate development potential, then the analysis is simple.

The story will develop as a rags to riches one, much like Andrew Carnegie in the late 19th century, as I am starting with nothing but ambition. 

At some point developers figured out that if a home was a little larger than a 2 ton but not quite a 2 1/2, they could mismatch the unit sizes.

You know the neighborhood market and are developing a successful equation, it's ok to have a niche too, if you do it well.