In a nutshell, IL (where I live) too expensive of a market, but WI, MI, OH etc seems like you’d get more bang for your buck. also,  you can look at a City’s  consolidation plan and what their plans are for development to get a good forecasting of housing booms.

Has anyone had any luck on structuring a deal with seller financing to obtain the land, then use a lender for the horizontal development infrastructure.

And our flagship development US item, Japanese style toilets in the USA..... ai powered!

Because this property is located in midtown historic district of Sacramento, we feel there may be market for both MTR and STR, but first thing is we will target LTR and let 3 or 4 units filled in.When we first start developing this apartment from ground up, it was intended to flip and move on to the next project, with timing and interest rate etc.. we deiced to keep it as a cash cow for a while and see how things go.  

That perspective will help me focus on developing and reviewing statements tailored to the scale of my property.

For a more general philosophy on hospitality, especially if you are going into the higher end STR space I would recommend Four Seasons: The Story of a Business Philosophy by Isadore Sharp about the founding and development of the Four Seasons brand. 

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

It takes time to develop trust and credibility with potential investors, so don't wait until the last minute.

At a minimum, having viable plans in place for development will make these lots more marketable and valuable to potential builders when we have conversations. 

That takes a little time to develop those resources - but they naturally come with experience.