Back it all the way up to "what can I do today to achieve those goals?"

The strategy outlined in the book One Rental At A Time that you mentioned would likely be easier to achieve in the U.S.

That way if you need to go visit the property it’s not a huge hassle and since it’s nearby you can compare it to the market you live in and pull in some very relevant data into your analysis. 

Hey Guys, 
I'm practicing doing comps on my own property right now, but I noticed there is only one comparable property (3 bed, 2 bath duplex) near mine. Where do I go from here?? There are plenty of 4 bed 2 baths an...

Hoping this time I can achieve my goals of purchasing a property.

Here's the data you're looking for click the link . "1 month inventory" means homes are selling at a rate such that if no new homes are added to the market, we will have 0 homes available or 0 inventory in 1 month.

I then use this data to see what price range others are charging as well as more importantly what has moved.  

What I would do in this is create some sort of literature (Canva.com offers a lot of easy formats) to talk about the project and what you're looking to achieve.

There is also a ton of good data on the census site and the bureau of labor statistics.

I currently put contingencies on the following milestones:Contingencies (able to achieve the following milestones)Site PlanningBase MapSite Plan (End of 2021)Conceptual Site Plan (Beginning 2022)ArchitectureFeasibility Design (End of 2021)Conceptual Design (March 2022)Entitlements & PermitsPre-Application (Beginning 2022)Application (mid-late 2022)**Buyer Submits Refundable DepositBuilding Permit and Inspections (End of 2022)Final Approval to Build for purposes of a banquet hall (End of 2022)**Funding Land Acquisition General ContractorSite and Civil Work (End of 2022)Certificate of Occupancy (Late 2023)Is this the correct approach or is there a better way to structure this offer to take on the least amount of risk?