@Alyssa Paros this forum is more for the BRRRR method...you might get some responses here but I think this type of a post would be better in the "Real Estate Development/New Construction" forum. 

This article suggests that plans for the track could create opportunities for private development surrounding the track.

I'm a Civil Engineer & work with developers, the "Will-Serve" letters are important to my clients on my larger projects, so we know if the City will require the developer to pay additional cost if existing City Utilities do not have the adequate capacity. 

Hello all,Location: Houston, TXWe’ve been thinking about purchasing and developing a piece of land to build small 1-2 bedroom single unit homes coming to a total of 5-10 per community, roughly 500-1,000sqft each, out of shipping container or standard, considering cost comes out to almost about the same.

They'll be able to actually drive out and see properties themselves and have likely already developed long term relationships from living there for a number of years.

Develop a vision for your new journey, understand your risk tolerance, and learn learn learn.

@Jake Engle, if you develop and sell lots they will not be eligible for 1031 exchanges. 

Does anyone have experience with such a small development and provide consulting services?

NOT ALWAYS  2008 to 2012 cleaned many SMART investors clocks  with billion dollar development and syndicators going busto .in a crash for sure those with Cash  and not afraid to pull the trigger will do well.. 

The Vice President had a Bachelor's degree in Politics and Policy (After landing a job at the company, he went on to get a Master's degree in Real Estate Development).