Once you get things rolling, you'll eventually realize you are living in a gold mine.

For example, if you bought land and developed a home on it, Zillow will get confused for a while because they knew the land but were not aware of your new home.

I made an offer, but since they are developers I doubt they will take.

Its an excellent resource.I am a Realtor, Investor, and Developer in Southern Maine.

And yes, agree with the above - Raise Rates NOW,  AND construct more buildings if possible AND look for more ground to develop more units in that market or look for conversion opportunities as well. 

Eventually moving on to larger cash flow commercial multiplexes.  

Eventually you'll get a cease and desist letter.3. 

I have concerns that I will be tying my hands a bit if I eventually want to sell / develop the two lots together or if I want to hold for a bit and draw lines of credit against the lots.Thanks,Juan Monge

I'm trying to add up the costs of development.  

On the development side, the current price per square foot isn't worth it, those I know currently in development had contracts with their contractors before the rates began to climb higher and higher.