Flipping and other value adds is where the experienced investors are or if they are holding it likely is a development effort (such as adding a dozen ADUs).Good luck

I've developed, use with all my coliving properties, and teach HPM (household-led property management). 

First off- $4.5M for 48 units and 50% are vacant is not a steal, unless this property is located in a downtown area and you have a contact with a developer who will pay 2X to build a high rise. $93k/unit for 50% vacancy doesn't carry hardly any debt, hence why they are capping you at $500k.

PadSplit has developed a platform that aligns incentives among residents, property owners, and communities to make affordable housing possible for the private market.

How much is typical price to pay someone to develop land?

I think development is getting more and more common since we're so undersupplied in housing. 

Quote from @Robert Frazier: It's a banner week for our fledgling development business.

. - property had TDR trasnferable development rights and can be built 5 stories on it.

Part of the funds we are taking from a “C” market and will invest in an “A” market thus increasing both our development and monthly cashflow returns.4.  

I specialize in building and flipping properties, focusing on transforming houses into beautiful, functional spaces that create value for buyers and investors alike.With several years of experience in real estate, I’ve developed a strong foundation in market analysis, design, and project management.