Focusing on A-B areas and taking a hands-on approach definitely helps with maximizing cash flow and equity.

I’m curious if you’ve had experience with this approach, and if so, I’d appreciate any insights you might be able to share.Additionally, do you have a real estate agent you would recommend who specializes in investment properties in the area?

If everyone took the cash for keys approach, then the odds of a LL getting such a tenant increases.I have never had to do a cash for keys.  

@Benjamin Sanders I agree that getting multiple quotes is the best approach.

I appreciate the difference in approaches.  

That is a successful approach.  

Personally, I do not like any strategy or approach that aims to benefit from the misfortune of others.

It's all in how conservative you are in your approach to underwriting your deals.Even when a Seller says they've improved the property, the tenants are still tenants and do damage to brand new improved units. 

Is it best to approach an architect or a land developer for what I am proposing?

You're absolutely right—positive cash flow from rentals can vary significantly depending on factors like property costs, financing, and the ever changing market conditions.For real estate the challenge isn't just accumulating properties but creating a framework that builds net worth more strategically and sustainably.Cash Flow can be generated in many ways, my intention was to better understand the investor mindset and their approach, if they wanted to share.Based on your example, if using conservative calculations at $100K/door, you would pay $20M for access to $40K/month.