A good way to see them is to take the 202 in Gilbert and Chandler and you'll see a ton of new large commercial developments.

This is an older development (built in '75) and properties that have been updated are currently trading at around $171/Sf. 

Hello BP Community, I am planning on obtaining my residential builder's license over the winter, so I can leverage that skill and license in real estate projects and eventually venture into the development business. 

When looking at a property for development a due diligence period is common. 

Unless you buy the whole development I am against townhomes/condos/etc

Eventually, you'll develop an idea of what a home is worth in your area.

(for those not in the know on the analytics, millions weekly is not millions of individual persons, it could be 100k people visiting 10,20,30+ times, and most often any connected person has gone thru re-targeting multiple times)There are some veterans out there who do well with less, although that's the point, veterans, they have developed skills and local market knowledge on how to do it in a niche manner. 

Developing a funnel has been the most challenging part of this game in good times and hard times.

I am far more interested in gaining experience, getting out of rental rat-race, and developing the knowledge and skills necessary for future deals and endeavors. 

I still worked for a RE brokerage in their new homes division, and we contracted with a developer who worked with a custom builder teams in a few different neighborhoods.