Lastly, land development requires solid planning and capital, so getting the right development loan with flexible terms will be vital for success.

The transaction netted near $1m but he had a 50% partner (not me, his sister) so he netted half (land transaction on large scale ADU development - https://www.cbs8.com/article/news/local/working-for-you/new-...). 

Our instincts are to eventually rent it and use the income for payment assistance on a new home mortgage.

I feel like a lot of developers lately haev been focusing on townhomes..They just tend to be pricey and hard for the first time home owner to buy. 

Quote from @Kelly Kitchens: I am a developer, investor, commercial Realtor and I build multi-family projects.Hi @Kelly Kitchens, welcome to the BP Forum!

I think you have many great opportunities in that part of NY but I would say develop some metrics and measure markets according to your metrics. 

*Another Exciting Development in Charlotte*The Iron District is set to break ground next year (address 905 w morehead st.)The Iron District's strategic location offers easy connections to Uptown, South End, Wesley Heights, Freedom Drive, Camp Greene, I-77, I-277, and Charlotte Douglas International Airport.

As we are working on our first development, which builds out a failed development from '08-09 and then expands into raw acreage beyond that, I am learning so much.

Do you do any development projects? 

I’m in the very beginning stages, although I do have one rental, and my primary will eventually be another rental.