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

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

I really think they do a great job with product development, too, and are always releasing new features.

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

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

•Developed consistent deal flow and a scalable structure.If you’d like a more detailed walkthrough of how to build business credit, use funding, or plan your acquisitions, feel free to reach out!

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.

The developments and businesses moving here.

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

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