The Greater Phx area also has more places to expand, but be cautious of "island" developments that are separated from bigger cities. 

This year, I’m committed to creating balance in my life, letting faith guide my decisions both personally and professionally.In my real estate journey, I combine my tech background with a passion for community-centered development.

I'd really vet the developer, their past projects, talk to prior partners (GP & LP) to see how prior development deals worked out and how the communication was, etc.

@Jay HinrichsI currently develop in NC.

In July of last year a roof leak developed and caused damage to the ceiling in my unit, to the point there was partial ceiling collapse. 

As there is a general flight to affordability, the new developments don't fill as quickly, and rely on concessions and/or lower asking rents to fill up.  

One member wants to be bought out and the other two want to develop new commercial product.

Experienced developers, could you tell me how the process/financing works?

They should also have proposed or preliminary site plans approved for the remainder of the development.

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