Subdivide land in Richmond VA
I found a good two and a half acres land in Richmond that is R3C zoned. I would like to subdivide it to smaller lots and construct new homes for selling and for me to rent out as well. I am an investor in real estate but have not done new construction before. I wanted to hear from this community what things to consider.
1) Can R3C zoning be subdivided?
2) I read that if I subdivide a land to more than 4, then it has to be a subdivision. What are the cons for that?
3) Should I partner with a developer or builder?
4) What due diligence can I do before buying the land?
5) Which home builders are appropriate for a project like this?
6) What else to consider?