I Tend to think big and bet on my skills.

Also learn about real estate cycles, as we are overdue for a correction and it could come at anytime.  

Once you have a general conceptual idea I would reach out to the city/town/zoning board to see what are the steps to get the project fully entitled aka legally allowed to build your development.At anytime, but especially if the land is entitled, I would reach out to several local developers who have experience in the niche you are pursuing.

Probably their best bet is to just deal with the inconvenience and pay the small moving fee - or find a new apartment ran by a more professional operation .

Get a feel for what areas you'd be comfortable investing/living in if house hacking.Feel free to message me anytime with any questions, or let me know if you'd like to meet up and discuss local real estate over coffee.

This still can make sense as a strategy for long term investment and cash flow, plus anytime Freddy might change their policy.  

(I'm interested in permaculture and regenerative practices.)Anyway, California being what we all know it is, I'm coming around to the fact that isn't going to happen for me here any time soon, and found BP in a search to expand my horizons.

I'll bet you'll have selers and rehabbers jumpin all over.  

The few times that I've looked, it did look like multifamilies near and around the campus area/downtown would be the best bet.

@Satish ReddyYour best bet is to reach to estate planning attorney for your personal protection and then to real estate attorney for your properties.