Thank you for the information- I had a appointment set to chat with someone at LPG, but got a message that they were not currently taking new clients (or something like that). 

DM us if you’d like to discuss this logical approach in greater detail!

I look forward to connecting with more like minded and experienced individuals this year through this format.

For everyone thinking about getting into real estate investing, I recommend spending at least 6 months educating yourself through websites likes this and its family of books and podcast, other real estate podcast, books at the library, and local meetups.

Hey Juan, I can connect you to a lender in the area that can likely Help you.

In this situation, the OP would like to tap equity. 

Thanks Nathan and Chris for the quick feedback, I truly appreciate it.I am a bit new to the real estate development business, so after checking your replies, I went back to my numbers to check why it is that people in the local market here are telling me this is a good investment, whereas experts like you are telling me otherwise.I rechecked and noticed that my numbers showed that we would break even in actually  10 years - by this I mean that after finishing the construction, the net income would cover our initial investment in 10 years period. 

This feels like a strong mix of cash flow, equity, and forced appreciation, but I want to make sure I’m not missing a smarter structure or hidden risk.Appreciate any insight, especially from anyone who’s done similar land/rental combo plays or zoning upgrades.Thanks in advance!

And most homeowners are sitting on some pretty significant equity right now.According to Cotality (formerly CoreLogic), the average homeowner with a mortgage has about $311,000 in equity.Why You Probably Have More Than You ThinkHere are the two main reasons homeowners like you have record amounts of equity right now:1.

That’s going to hit housing hard, especially in places like California where affordability is already a crisis.