These developments offer the amenities and privacy of single-family homes with the flexibility and affordability of rental properties, filling the “Missing Middle” gap in the market.Another trend that has emerged is the use of light gauge steel construction, which offers durability, efficiency, and cost-effectiveness.

If the investor is using a HML, offering a second position may be challenging as most lenders prefer to be the sole lien holders.

@jon Minerick offers the service in my area.  

Lacking the capital and building experience to develop it ourselves, we want to offer the backyard as a "Developer Special" on the MLS.We’d rather not risk demolishing our home at the front of the lot.

The Prescott quad city area is bigger than Sedona, with more to offer in the way of jobs and education:  Prescott is more expensive, 500 ft higher so has more snow and trees, but still very dry with the current drought. 

Generally you'll find that most markets offer either primarily cash flor or primarily equity growth.

What other Midwest city has as much investment planned as Detroit, yet offers such affordable real estate investments?

Many brokerage firms say they offer self-directed accounts, but when you ask about real estate, they will not hold that type of asset.

Thanks in advance for any insights and guidance you can offer!

Once you gain traction and get some deals the good news is you can hire a VA to at least to the initial calls for you (less no's) and you only talk to the ones interested in your offer (I know it because I run a call center for Real Estate).Mailers can also work, in that case interested sellers reach out to you, mailers can be expensive though so its also a numbers game.