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Notes -
I don't have a college certificate on the topic. But, as I understand it, the business of single-family-residential real-estate development consists of several different paths.
(1) Buy a medium-sized lot; subdivide it into a few small lots; and (a) sell the small lots to people who want to build custom houses, or (b) collaborate with a homebuilder to build on the small lots "speculative" houses that you'll sell to people who want to buy new houses.
(2) Buy a large lot; subdivide it into many small lots, plus drainage features and new roads; give the new roads to the municipality; give the drainage features to a homeowners' association; and (a) sell the small lots to people who want to build custom houses, or (b) collaborate with a homebuilder to build on the small lots "speculative" houses that you'll sell to people who want to buy new houses (getting a bulk discount with the homebuilder either way).
Regarding options 1b and 2b, people tend to dislike my house designs. Regarding all four options, I do not have access to a small loan of one million dollars.
Almost $10MM now, using CPI adjustment.
Assuming you could solve the "small" problem of how capital-intensive this is, there's probably some class of people looking for custom houses where they have an off-the-shelf plan requiring modification / site-specific edits or something in mind and need someone to make plans and stamp them. I don't recall if you are/were a Civil PE, but I assume it would not be an automatic transfer to Gatorland SE anyway. Though I think their structural engineering recognition program is supposedly less onerous than some other states, excepting the hurricane/wind-loading note you already made. The prospective clients would presumably also be expecting you to handle most of the project management stuff too. But this is all starting to look like real work and not a retirement hobby at that point.
I technically am eligible to take the exam and obtain a professional engineer's license, but while I was employed I saw no reason to go through the process, since my employer offered no incentive for it. Previous discussion
(It was hilarious to see all the best employees constantly leaving for private employment in part due to this reason. Compare this recent announcement of special bonuses, and even special positions, for licensed employees at NYSDOT.)
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