I agree with the closer to the metro the more expensive a property is, but also provides more opportunity.  

Per this NY Times article, the average American knows around 600 people.https://www.nytimes.com/2013/02/19/science/the-average-american-knows-how-many-people.html#:~:text=The%20average%20American%20knows%20about,do%20you%20know%20named%20Kevin%3FPer the US Census Bureau, the average American moves 11.7 time in their life, which based upon an approximate lifespan of 84 years, works out to be about every 7 years.https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20yearSo, if the average American knows 600 people and they each move about every 7 years, that means that the average American knows around 85 people that move in any given year.How many of those moves do you want to be involved in?

@Jonathan Baptiste cool story glad you learned a lot.Now, multiply all that by 300+ tenants and you'll know what the average PMC has to deal with!

Is anyone flipping in a market where this is "average"? 

I am just saying, it is really expensive and not even for a mentorship.

So, to the chagrin of some developers it can get a little expensive at times but on the flip side of that coin it provides kind of a firewall so that what ever is being built is being built with a strong intention.

Overcrowding can strain plumbing, electrical systems, and air conditioning, leading to expensive maintenance issues.

Real estate investing is forgiving; the average person can still make money even with some big mistakes.

It's just one reason why turnovers are expensive.

Flipping a brand new home likely wouldn’t bring much profit - especially after having to close twice when you first buy it, and later sell it.Maybe you have millions to spend and I’m just missing the big picture… but when I think of “income” I’m usually thinking “net income” after you factor in expenses, like purchase price or building costs?