I’m a ground-up high end home developer and a “standard” home on a flat lot, excluding soft-costs (holding costs, architect, permits, etc), my at-cost construction would be between $180-$200sf in LA County today.

Also, it's much easier for developers to provide a higher supply of units on a single plot of land, whereas one SFH may take up the same amount of land space.

I am currently invested in a couple development deals in Idaho Falls and the surrounding area.

New development is my dad's and I's Bread and butter, we can build for supper cheap and really fast with numerous projects to prove it.

Disclosure: I completely acknowledge my privilege as most persons who get into wholesaling aren't best friends with both a developer and seller right off the bat.

-It provides a barrier to entry against casual trespass-It gives a sense of security to the customer-It allows the owner to deny entry to owing accounts -It can be keypad operated for only valid tenants or time operated for access hours; either way it minimizes the need for staff involvement-It allows "tracking" of tenant access to identify trouble patterns.When I first started this current development, I had an automatic gate before I had any actual tenants

Promotion of economic development.

Will be interesting to see how CPI / Inflation numbers develop over the next few months.

@Kejia Tang The most commonly used contract in Arizona is the Arizona Association of Realtor contract, developed and kept current by the Association.

Good news though, it turns out the HOA misunderstood the questionnaire and errantly put that the developer still maintained many of the units as rental properties.