If we do a Self Storage development we expect a 400% COC return.  

Now I've got a property under contract:$78K purchase$35K in development of utilities.$24K in soft costs (permits impact fees etc)$200K (or less) buildout of the house (size tbd on after-build-appraisal) Likely going with 2/2 A frame 1000 sf.

My business partner and I are developing a 60 acre 15-unit glamping/wedding boutique resort in Asheville, NC right now and learning a lot along the way!

Duplex Development Made Easy - SB 9 permits property owners to convert single-family lots into duplexes.

There’s a lot of new development going on in Huntsville proper, but properties in nearby suburbs like Athens, Decatur, or Meridianville are both more affordable at present and less prone to competition from new construction.$150,000 can buy you a tenant-ready 3 bed, 2 bath single-family home in a B-grade neighborhood.

Why would capital requirements be any less than traditional development? 

He will own 1/2 of about 4M in real estate after 2 years and is already under contract on 2 more developable projects.

He is completing some residential developments in Denver, NC currently.

The ability to generate more income for simply the cost of a building is another huge cost saving over buying an expensive commercial lot and developing it.

I find the revenue to be more than enough so long as I maintain a certain portfolio size.I appreciate you sharing your though!