Once I got that established or all the people in the field moved over, I'd look at putting in another strip that has a gravel base and is covered.Depending on your location and what your customers want depends on the next step. 

Which would hit the 10 unit limit in accordance with the General Plan.RM-4300 Residential, Multi-family, 1 unit/4,300 square feet of total lot area or, 44,000 sq/ft lot / 4,300 = ~10 unitsThen finance the construction on a 10 unit complex.Keeping the property as a long-term rental complex seems like an easier process than splitting the lot up, establishing an HOA and selling individual lots.

having an established rental portfolio and strong cash flow to back those risks.

I agree with @FredHeller on what he wrote about establishing cost of any property you purchase.

I plan on establishing low-income housing for these apartments.

Can I just establish a small business (sole proprietorship) and file along with my personal taxes and social security number?

Good Morning BP Members,I'm a Seattle based real estate investor (buy and hold) and I was recently recruited by an established real estate company to develop and market their business.

The other is properties like a 10 unit apartment that was constructed in the 70s before the historic district established this rule.

Once you establish a plan, stick with it and block everything else out.

I have already been reading and researching to gain the knowledge required to make my first investment purchase and also establish an investment plan for the future.A little bit about myself; I'm 26 years old and work as a engineer in the Energy Corridor of Houston, Tx.