I understand there are inherent synergies that make these projects cheaper for bigger developers that are difficult to account for, however I fail to see where the profit is at the numbers I've been quoted.

Value and synergy > location, in my (and I believe most others') opinion.

In dallas it’s 90% Hispanic labor, and speaking Spanish gives me a pretty big upside in finding workers.I’ll be in DC and Baltimore the beginning of next week and would love to buy coffee for anyone looking to network.

There are 5 base models you can choose from if you don't want the hassle of designing your own home with architects, especially since most of my ideal buyers won't speak Spanish, and the owners of this property have a contracting company that buyers can use, which we recommend as the main contractor is European and has built castles by hand, as opposed to the Ecuadorean contractors who build homes that collapse in 10 years. 

I have found since being on BP that many people talk up their successes, which is great, but it creates a synergy  and we often forget to discuss about the reality of life, success is usually preceeded by failures.As a Newby trying to get into REI I'd love to hear your blockbuster failures.

You still run into the problem of developing lots of units...securing piecemeal financing might reduce the financial load a little bit, but it might be offset by the synergy you could get from building everything at the same time.

They are mostly Spanish speaking small business owners in Pilsen and the lower West Side of Chicago. 

If not, I'm sure there will be no written communication as they don't speak any English and the previous owner did not speak any Spanish. 

I also own and manage a lawn care / landscaping firm so there's some potential synergy here....Thanks all.

Albeit not REI but there's synergy.