I appreciate you listing the steps you took / people you went to in order to fill the gaps.

The feedback I've received from people is that the legal side tends to be excellent. 

I have a feeling i can start something with some people we know and I always network when I can, so that could add more likeminded people. 

The short answer to Kaleb is that 'yes', people in BP Nation have 'experience developing or owning something like this.'

Any insights/people with experience in this market who can chime in?

There are plenty of people looking to deploy cash into real estate but don’t have the knowledge or bandwidth to run a successful flip or BRRRR.

As long as it meets "minimum" size standards it can look like a broom closet and be considered a bedroom... ridiculous, but it's out there, and in a tight market people will pay for it... 

And there are people that do that out there.  

Every tax season, I see people unintentionally overpaying the IRS.

It's slower, but patient people tend to make wise investments.