I'm still considering going through with it as a 2-5 year or so hold since appreciation in the zip code and development is 14% in the last year (greater Seattle area) so long as the market doesn't turn, with the money invested, I'm getting 60% cash on cash return on my money just from appreciation alone.

What would you suggest they do to obtain the financing they need to upgrade and develop.

The point was simply to develop a useful metric that is close enough to plug in for assessing the deal.

A few sandwiches, reading a few recommended books,  and a genuine interest in investing led me to developing a great friendship, mentor and business partner. 

There are a TON of things to consider when developing land, ESPECIALLY if they have "oil tanks" as you mention.

I like small development plays now for STNL.

I am developing some immediate goals and looking forward to pursuing something meaningful and fulfilling.

Hi team,I'm looking at a Real Estate Development opportunity within the Chicagoland area and will be tapping TIF and EB5 Funding.

For me it is about building a relationship with people to develop it, etc.

and how does one use it. and what is this new thingee and how does one use it.. in plain English.. us old RE developer lenders are pretty thick when it comes to this  we are too busy counting our money !