The question is can you afford to pay that extra amount? 

This first-of-its-kind project addresses California’s housing shortage by repurposing an underutilized site into a vibrant residential and retail space.Of the 800 units, 180 will be affordable housing, with amenities including a rooftop pool and fitness center.

And if that happens, they will be able to afford their new share of the rent. $950 income for the entire month seems quite low and probably justifies your concern.

Here’s why you should consider investing in this growing market:Affordable LandFlorence offers affordable land compared to larger markets, allowing investors to secure property at lower prices with strong potential for appreciation as the area develops.High Demand for New HomesThe city’s growing population is driving demand for new construction.

Apartment demand in the Phoenix area is high, the demand far exceeds supply at least for the product mix I have under management.

If you are looking to build quick capital and another full-time job, then flipping may be the answer...if you are looking for a slightly more passive approach and looking to build that long-term wealth, buy&hold'ing is maybe a better strategy.I've found introspecting on where I want to go long-term has helped clarify my short-term path...The beautiful part is Chicago offers all options at affordable prices general speaking compared to other metro areas.

I would say take a deeper dive into the nearby product and see if there is a premium in rents for a duplex unit versus an apartment.

congrats your doing all the  vertical as well or going to sell lots to production guys. 

Build a cash-flow-focused portfolio by targeting affordable markets or neighborhoods with favorable rent-to-price ratios.

I had to use the ole Rich Dad Poor Dad mindset, "its not I can't afford it but HOW can I afford it."