(Also, the developer is reasonably experienced + wealthy and has personally guaranteed some of the existing development projects - but wants to move away from that)I'm also planning to get some equity in the JV / the broader development company (much less equity than if I were to be a pure equity investor of course). because I do think this could scale to 300-400 homes / yearOf note: These homes are modular in nature - so are faster to build and margins are projected to be attractive.My questions for you all is:Have any of you lent to development assets with cross-collateral from cashflowing properties like this?

Compared to the recent pricing peak in May 2022, single-family home prices in Austin are down approximately 14%.For some broader context, here’s a chart of the median sales price of a single-family home in Austin over the past 10 years:As you can see, pricing in Austin is still substantially above pre-pandemic levels.

San Marcos is known for its college town vibe, potentially offering a broader rental market and the size of this one could be a good student rental.

I noticed that these statistics are based on Myrtle beach only which has about 37k population and does not include the broader Myrtle beach Metro area which has about 410k population.

But in the broader market of actual users and real potential clients, no one even know what it was.That's GVR so far. 

Regardless of where you are at in your investing life there is more to learn.BiggerPockets has helped me see broader issues in RE across the country as well as  different investment approaches.Another thing is reading the stories of success and failure. 

A key factor to consider is whether the positive developments are strong enough to transform the broader areas.

I've seen some, hired some, but at least the ones I've seen/hired were specific to their local market.I've never looked for a broader, nationwide one, but I'm sure they're out there. 

A broader market demand can lead to faster sales and potentially higher profits when it's time to exit the investment.#6 Lower Maintenance Costs:In comparison to small multifamily properties, single-family homes with ADUs often have lower maintenance and repair costs.

However, as with any market, local insights and collaborations can make all the difference.I'd love to connect with fellow investors and knowledgeable individuals who are familiar with Hartford or the broader CT real estate market.