I think one of your first steps may be to try and talk to a local Civil or Surveyor.Too often I see many clients who look at a development opportunity and don't have any real understanding of the issues surrounding actually developing.

I just finished a major remodel and development in Austin so now we have time.

Many new developments coming up all starting at not less than 300K for the smallest of houses!

Tacoma houses in the 100k range typically need significant rehab to develop into long term low maintenance assets.

I would divide my money into three categories equally.1) Flips and Urban Townhome/Rowhome/Skinny Mini Development in hot areas and lowest priced areas, but on the development structure so you pay zero for the land and don't finance your soft costs.2) 1.5% to 2% Cash flow rental properties using BRRRR in B class areas.

If there are you might not attract quality tenants as you cannot control how other landlords operate around you which is why I want full control of a development.

I'll pass it along to the Developers and see how feasible it is to implement.

And I love all the new development going on around Loma Linda!

I am also in Charlotte NC, and working to develop my real estate skills and make connections.

Neighborhoods are changing fast, even people who live here don't know about a lot of the development that is happening in certain neighborhoods.The solid A and B neighborhoods are very competitive (zero or negative cashflow) and the C neighborhoods can be tricky.