There aren’t many residential development companies operating at this level, which reduces competition and risk.

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..

I grew up in the real estate industry watching my father raise money with a PPM for large multifamily value add projects and a developments.

It's worth taking the time to understand what you're doing so you can develop your own conviction and confidence.

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.

I still think developing good relationships with brokers is the best way and will get you the best results quicker than going direct to seller. 

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

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.

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.

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