I was thinking that by giving a single builder rights to build on the land, I would get 1% of each contract price, something along those lines.

Based on that number of units I would expect much higher figures - did you buy these buildings all/mostly cash?

We purchased 133.7 acres January 20th of 2024, we then proceeded to subdivide 4 building lots, ( two 10 acre lots,  and two 2 acre lots)  which included costs associated with septic testing,  survey & subdivision, and property maintenence required to market the building lots.

I have a $2M building I bought for $935k, 3.5% down. 

It'll be up to the next generation to figure out if they want to build an empire or not. 

Rentals also build equity through tenant payments and appreciation, with profits taxed at lower long-term capital gains rates when sold.

Very nice suburb area outside of Dallas and I'm very much ready to get in the real estate game!

The number one mistake that I saw buyers making was jumping right into negotiating (and not very good negotiating at that) without first spending the time to build rapport.

IF it is a real problem, then yes, fix it.I would build a fir-in wall out of 2x2s and insulate it heavily (Rockwool comes to mind https://www.rockwool.com/north-america/) There is also drywall that is made for this.

If smaller living space was the answer we could just build a boatload of 1000 unit apartment buildings.