It's different than a builder who incorporates and develops a land and sell the houses afterward with a Warranty Deed.

Call your local economic development office see what they see going on what areas are building up.Download BP’s newest book here some good due diligence in Chapter 10.

Asheville is incredible and I specialize in developers / investors looking to build and flip.

What software are you using for your drawings?

Or is it some formula you have developed by yourself? 

I'm anticipating that the first deal will have the greatest learning curve, but ultimately my goal is to develop relationships with contractors and come up with a process to make flipping as efficient as possible.  

I have a strong work ethic and am willing to do things that may be a nuisance for you so that I may have the opportunity to develop.

Your grandpa needs to make a fortune developing brothels!

Would it change if you're development is surrounded by undeveloped land all around vs. in otherwise established neighborhoods? 

I use rentecdirect.com for my PM software, and it has an ACH process built in for an additional fee.