I didn't even have money to pay the penalty, so I put it on my credit card when tax season came. 

@Eric James You see, when you develop relationship with an agent, you can do that.

If so, what size developments are you looking for 1-to-4, or something larger? 

Now you really need to get connected locally and learn the market from seasoned investors to reduce your learning curve. 

I have found these smaller, regional banks can be more open to development and investment backing than the bigger names.If you're looking for individual contact names/#'s, PM me and I can send you some.

All signs point to an incredibly strong summer season for Austin area real estate.

I manage short-term (Airbnb/vrbo) and corporate rentals in Colorado Springs and interestingly am active on a lot of travel nurse found too--thinking they are good tenants for when tourist season slows down.

So, lots of money (and Fremont has a lot) plus serious lack of new construction SFR plus still historically low interest rates mean something like this is a great deal for a developer, and actually not that risky a bet. 

After acquiring floor plans what is the next steps to getting it built?

Plus, there's major development happening in the neighborhood and values are going up about 10k/month on the SFH.