@John Underwood what would you say was the key factor is making your LTR cashflow so much? 

I am curious at what stage of land development the sale was struck with builder.  

And this low demand could be a couple of factors, either a rural location with low population density or the area incomes are not high enough in order to prevent a rent burdened scenario. 

@Kris Lou Many factors go into PMC pricing:1) Locality (city/state)2) Neighborhood & Property Class (time to manage Class A < Class B < Class C < Class D)3) Property condition (slumlord properties hard to manage)4) Number of units (some economies of scale, but not as much as owners think)5) Owner expectations (some owners really want a personal assistant!)

Purchase price: $75,000 Cash invested: $600,000 Sale price: $269,000This is my largest new build development to date.

Greetings BP community, I recently joined a national senior care living development team.

We have a few properties under development and need guidance on setting up our partnerships (including preferred returns, limited partnership structures, and capital contributions), complying with Virginia requirements, and possibly filing in multiple states.

as far as cost that depends on too many factors to cover! 

Seeking a construction/architect/development mentor would be wise.

With all the new development around the stadiums, it can be very lucrative and presents room for growth as the area continues to develop.