Mark,sounds like you still have some homework to do, @Colin L. brought up some real good costs, to make sure you include them in your costs, there are going to be tie in fees for utilities, holding costs of taxes, insurance, electric, a temporary fence around the property, possibly a 24 hr security co depending on the area, etc. unless there are similar properties to what you are proposing to build around you sometimes it is not that easy to change the zoning, a lot of towns do not like to do spot zoning, create a zone within a zone area, I would suggest talking to the zoning office to find out if it would be feasible or a land use attorney.

County commissioners, or in this case city council members, can be easily swayed by an emotional crowd, especially if no one is there providing level-headed facts.

Apartment tenants are renters and tend to see an apartment as a temporary solution, while MHP tenants own the MH and tend to have more of a homeowner mentality. 

I was against the Arena at first - but have been sold - the one thing I was REALLY skeptical on about the arena is when they funded it with a temporary sales tax -- I NEVER in my wildest dreams believed the extra 1 cent sales tax would sunset like they promised -- I do recall that the county commission if I remember correctly did at the last minute try to keep the sales tax active but it didnt pass and they allowed it to sunset as it should have.   

Have to remind myself not to get emotionally attached.

Make decisions based off facts rather than emotion.

Numbers are one thing, how you feel - emotions- are another.

As an investor, separate the emotion and focus on the numbers and the risk.Best wishes!

A metric takes the emotion and guesswork out of it.

I've recently read Millionaire Real Estate Investor, The Ultimate Beginner's Guide to Real Estate Investing (Brandon Turner) and most of David Green's new book on BRRRR Strategy.I live in San Francisco but I grew up in Connecticut and would like for my first investment to be in Fairfield County (Preferably Stamford) but I don't want to make that decision for an emotional reason so I wanted to ask the Forum if this is a market that makes sense for a buy and hold approach.I'm looking to BRRRR or House Hack a property and more focused on cash-flow than I am equity (Although both are obviously ideal).