It's one of the hottest markets in the US right now with so much population growth, job growth, and companies moving/developing here (26B Intel headquarters being built here, 68K+ enrollment in Ohio State University, Amazon, FB, Google, Honda, Nationwide, Anduril, etc.).

For real estate investors and developers exploring Carlsbad, SB-423 offers a streamlined pathway for multi-unit housing projects.

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

So path of progress.. took till 2020 until development happened around me and that unbuidable property I paid 28k for I sold for 2.2 million to a developer..

Blaming immigrants for the housing crisis ignores the actual causes—zoning laws, slow development approvals, and underinvestment in housing supply.

The product would never come out or even begin being developed, 100% smoke and mirrors.

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $3,636,000

Cash invested: $700,000

This is a brand new 40 home build to rent manufactured housing comm...

Also you need differentiate your construction costs (hard cost) vs the development costs (soft costs). 

However, I am also considering duplex and tri-/quad-plex assets if they pencil.Additionally, I currently work for a locally-based commercial developer/lender on multifamily, land, and some hospitality projects.

If you are looking to start with development I would check out these resources: https://www.biggerpockets.com/blog/rookie-319https://www.biggerpockets.com/forums/44https://www.biggerpockets.com/blog/why-investors-should-be-f...