An under developed area is the Frasier Valley near Winter Park.

Then maybe develop or lease the farmland. 

It's my hope to develop a strong business relationship, which can mutually benefit us both. 

Seed Capital is best raised at home, you will find the money you seek through effective budgeting and perseverance.

@Ali QudsiUnless you are some not-for-profit organization - you will be required to pay property taxes.There are some instances that you buy a newly developed land/building and the county strikes a deal with you that you won't have to pay property taxes for X years but will ultimately have to pay them once the period is over.You can decrease your taxable income related to rental properties with depreciation.

Raw land not actively developed is always considered an investment.  

So I already spend a lot of time studying cities and their history, touring neighborhoods, analyzing how they've developed and progressed, and all that jazz.

I thought one would be interesting to partner with a developer 50/50 on deals that way we are building the property as cheap as we can is it supposed to me hiring a developer who will most likely have me paying premiums on everything.Thanks,Christopher

Did not effect my bottom line on that property but did prevent my ability to do more flips. 

The lender gives you a slightly higher rate, and THEY pay those costs for you.This strategy is a great short-term strategy, because most times it takes about 5-7 years +/- to break even on paying those costs.Which is why for many real estate investors, especially flippers, this is a better strategy, and one that I educate all my clients about.Everyone is so caught up in the lowest rate, when in fact overall cost-effectiveness and knowing the long-term plan are more important than rate.