I will still cash flow well but worry about 5 years down the road. 

But it IS a perfect opportunity to get in the practice through taking smaller steps now that will establish a practice that leads to bigger accomplishments down the road.

 $2mm for concrete roads, $1mm for water sewer,  $1mm for underground electrical and fiber, landscaping $200,000, signage advertising $40,000, realtor 7%, now do 3 acre footprint of buildings $20,000,000, add on interest of $3mm over the life of the project,  engineering $500,000, surveyors $100,000, permits $200,000, dirtwork $200,000, etc etc  With the above cost and exposure unless you have a background in this no one will loan you the moneyLet’s say there are 150 units.  

Frequency of losses is the worst type of loss history you can have, and you never know what might occur later on down the road where you'll really need to file a claim. 

Before I try, congratulations on mapping out your road to financial success.

I saw a property that has a huge land, but the land does not seem to be good for further development as smaller lots for single families (because it has narrow front facing the street) — see the attached image.I have an idea to build a small road as the image illustrates below, and then subdivide the land into smaller pieces to build single family homes.I have two questions about building the street:  1.

As @Gorden Lopes mentioned, making it a 3/2 can get you into the $1100-1200 range depending on the location in 35810.We did a BRRRR in 35810 last year in a solid C neighborhood with a big yard and away from the main roads. 

Due diligence will save you so much headache and cash down the road!

Jeff Poe You need to talk to a CPA so you don't get into tax problems down the road.

Right down the road in Coronado CA