@Martin Manning To add onto what others have shared, in the most simplistic terms, apartment complex values are based on Net Operating Income, or NOI, and the cap rate.Price = NOI / Cap RateSo, if an apartment complex has an NOI of $100,000 and a market cap rate of 10%, the value is $1,000,000.Listing agents for complexes love to price based on a pro-forma, which is utter nonsense (unless you're in Austin, in which case apartment complexes apparently have floors made of gold).

Right now, I’m in the process of sourcing land for our first project.Happy to connect and share insights.Wishing you a great holiday as well!

I'd love to share a graded map of the city with you.  

@Alex SchumerLet me share with you from an insider's perspective. 

That’s a helpful perspective as I plan out my projects.Thanks again for sharing your insights!

Mike, Neal, John, Adam: thank you all for sharing.

If you’re open to diving deeper into the Memphis market, I’d be happy to share more insights & connect you with local investors I currently work with that have seen recent success here!

Any updates to share?

., sounds like this was in Los Angeles County.Would you mind sharing who you used to do the Lot Split?

Local market trends: Could you share any insights into current rental market conditions and future growth projections for these areas?