I’m based in Maryland and work primarily in site feasibility, land development, and structural review for infill and subdivision projects around the Baltimore–DC corridor.

If you want development/investing, stack experience now: join a local sponsor or GC, underwrite 1–2 deals a week, walk sites, and learn entitlements and capital stacks.

The development is over 50 units all being sold to investors as rentals.

But once you subdivide the lot and develop or sell the new back units, those are likely treated as separate properties for tax purposes—and they won’t qualify for the same exclusion.

"Developer" STEEVE RAYMOND who solicits investors on this website was exposed on the Chicago ABC News relating to numerous just FRAUD LAWSUITS filed against him by Chicago attorney Ana McNamara, Esq. for taking investor money for supposed building "Rehabs" BELOW IS THE LINK TO THE STORY:McNamara Legal McNamara Legal | Chicago IL

I agree that it seems like your strength of current knowledge resides in the development side so yeah, find a local developer to intern with to learn the ins and out of the business. 

There are markets where developers built product relying on the mentality "build and they will come" with no coherent thesis behind why and those are markets where there will truly be long term pain. 

It truly is an outdoor paradise with hiking, fishing, hunting, climbing, and skiing potential all in one place.Here is what makes it interesting from an investing and development perspective.Affordability: Compared to other mountain towns, land and property are still extremely cheap.

When it comes to structuring a deal, most developers focus on the capital gap — but lenders focus on readiness.Over the last few years, I’ve noticed that deals move faster (and get better terms) when the borrower has a clean due diligence stack ready before approaching mezzanine or bridge lenders.Here’s a quick checklist we use internally before structuring mezzanine capital between $1M–$100M+ :✅ Updated project financials✅ Detailed pro forma with realistic DSCR assumptions✅ Rent roll or trailing 12-month P&L✅ Capital stack breakdown showing senior + subordinate layers✅ Clear exit or refinance planHaving these ready builds lender confidence and speeds up funding timelines.💡 Curious — for those of you who’ve raised mezzanine or bridge capital recently:What’s one document or metric lenders focused on the most during your due diligence?

If you purchase a lot within a development, do you have to use a builder who has been building in that development, or are you free to use any developer of your choice?