No seasoning required.

I have a seller with a deal I want to purchase for development.

You could talk to them about planned developments and booming areas based on developments & statistics. 

From a personal standpoint, I'm 1031ing some LT rental properties in Sacramento and was thinking of diversifying into a short term rental in South Lake Tahoe.Theoretically:South Lake Tahoe hedges seasonality to some extent due to the lake in summer months and snow in the winterPrices look interesting: ~$400k home that rents ~$300/night on AirbnbCurious what everyone else's thoughts are on a short term rental in South Lake Tahoe!

Said lot is 1 of 21 being sold by the developer.

don't know but Oregon is quite strict in fact you need a developers license to rehab and resell homes .. even if your only doing one a year.. you can only work on homes you owner occ if its to be resold to the public you need a GC license for a developers license..

I keep digging, but it's been tricky to try to invest my few hard-earned dollars wisely when it feels like most of the deals are gambles.Then I see highly-leveraged projects / development-plays from some aggressive investors -- also more intense and scary than I'd like. 

Travel for business development/sales $10K/yr.Would love your 2 cents on how I should assign the expenses (e.g. which companies should pay them) as they all benefit each business and assigning expenses to certain businesses would affect partner Kevin differently?

That is not fair, not necessary, and not what the best seasoned investors will do to a partner.

My full-time job involves consulting with local governments and developers in land entitlements, ordinance preparation, and coastal development regulations.