An under developed area is the Frasier Valley near Winter Park.

Then maybe develop or lease the farmland. 

Being the military, it had that definite institutional overtone to it, but the basic premise was the same.I recently toured a new senior's complex in which on end - for those who were still relatively self sufficient - had individual units (bedroom, sitting room / kitchenette ... effectively a bachelor apartment but without a full kitchen) clustered together in groups of 4 with their own common room / kitchen and courtyard.On the other side of the complex were units for those who required more assisted living.  

It's my hope to develop a strong business relationship, which can mutually benefit us both. 

Seed Capital is best raised at home, you will find the money you seek through effective budgeting and perseverance.

@Ali QudsiUnless you are some not-for-profit organization - you will be required to pay property taxes.There are some instances that you buy a newly developed land/building and the county strikes a deal with you that you won't have to pay property taxes for X years but will ultimately have to pay them once the period is over.You can decrease your taxable income related to rental properties with depreciation.

Raw land not actively developed is always considered an investment.  

So I already spend a lot of time studying cities and their history, touring neighborhoods, analyzing how they've developed and progressed, and all that jazz.

I thought one would be interesting to partner with a developer 50/50 on deals that way we are building the property as cheap as we can is it supposed to me hiring a developer who will most likely have me paying premiums on everything.Thanks,Christopher

Did not effect my bottom line on that property but did prevent my ability to do more flips.