Get a realtor, loan officer, GC, insurance agent, trades, etc. 

. :)Thank you for sharing, that a publicly traded REIT is a syndication, by definition, as is EVERY public company.  

Maybe trade with another fellow investor and have them give you a small piece of one of their deals?

Work with the local experts- talk with local zoning officials, engage architects, and reach out to contractors to understand the cost and feasibility of your project.Run your numbers- do some forecasting and layout some financial models to project costs, revenues, and returns.Make sure you are utilizing your team- aforementioned real estate broker, financial advisor/ CPA, and lawyer and others as you go.Best wishes and good luck.

It's time, though, for me to expand into new opportunities and learn more tricks of the trade to grow a robust portfolio.

Not sure if you need to think about budget or not, but downtown will be very very expensive.I don't think there are enough lots that trade that there would be any time of accurate or even ballpark pricing.I don't know anything about it, but there does seem to be some good demand in self storage parking and also in truck parking. 

But the income from the STR far surpasses that of the LTR, so it's a trade off.

We are furnishing with contract grade quality and amenity heavy (game room/hot tub/murals/new paint/lighting and ALL basics needed to host a 5* stay so all bedding, kitchen items, bathroom items, linen and bedding as well as the labor for trades.

Very rarely do business owners inflate their numbers on tax returns vs. internally prepared or forecasted financials.

If Levittown 4/2 cape style homes are trading at $699K fully renovated (for example) and the home needs ~ $200K in work, you'll know that any asking price above $500K would likely not be worth it.