I was wondering if the tax benefits outweighed the upfront cost, but it doesn't appear to be so.

The assets are old, need work constantly, the cost of living is high, and there is no job growth.I wouldn't solely focus on cash flow.

I'm looking for estimates on development costs so I can do a rough financial analysis.  

Rent costs are nearing 2019 levels.

Airdna has years' worth of actual data, so there's a reason it's costs a bit.

Aside from seeing a parcel and knowing a great project could be built on it, it's necessary to be able to show precisely what can be built, how much it will cost, and have real numbers, based on actual bids to back up your projections. 

All I can imagine is a lot of blight hitting many rental units when the costs to maintain rise beyond the capacity to finance that maintenance.  

I do like the smaller homes because they are brand new and maintenance costs will be lower.

You are effectively operating a hotel.

We were able to get seller credit to help off-set the cost, but now we have heard of some people getting a free roof with the installation of solar.