You may want to consider working with your accountant remotely to expand your options.

I would love to chat about the property and see what type of options you have based on the zoning/buildability and your goals. 

I think we had this option also but opted not to do it and as PM, if investor doesn't have a US bank account, we are required to withhold tax of 30% or so from every rent distribution.

@Edward JordanI recommend a consultation with real estate tax accountant to discuss your options and potential tax implications. 

Also, since there is a huge gap in the industry in teaching people how to understand development and the different options we've launched an education arm to help bridge that gap so it's not just the "big guys" with deep pockets that can be a developer.

He said there is another, cheaper option where I basically fill in a survey.

I’m definitely leaning toward this option.

Would a small multifamily cashflow and be a better option for you?

Is there a better option?

I have an option to purchase an MR1 lot in a great location in LA but I'm skeptical regarding uses for this kind of land.