The steps for buying and developing land.

[Brent Davidson]

What are the main steps to consider if you want to develop some land? I realize that you need to get the land, but what then? I was thinking about buying some land and building a few houses, then selling them. What do I do after buying the land?

Here are the steps as I see it - please correct me:
1 - Buy land
2 - Get Architect to draw plans for properties, including subdividing the plots
3 - Get plans approved by city/town/county??? (how long does this take?)
4 - get permits - (where?)
5 - Hire Contractors to begin building
6 -Market properties for sale and sell them
7 - Recoup costs plus PROFITS!!!

I realize that this is reallly rough. Where I need help is with the official stuff. Permits, timetables, getting plans approved, etc. I'm looking for any and all advice here.