I have a chunk of land here by town... walking distance to a grocery and not far from uptpwn proper... Call it biking distance.
Though about putting up some little tiny-home style cabins on it. maybe 3/400 a month. I could get ten of those on that place - 5 with parking and 5 without... Would make a decent income off the project, would be affordable to do out of pocket, and could be repeated and scaled. and help some folks down on their luck at the same time.
Nope. If I had 3/4ths of a million bucks to put into an apartment house maybe... But then it wouldn't be 3/400 a month anymore, would it.
And by the way - I have lived significant parts of my life in line shacks and cabins only a little bigger than they are saying here. no running water, no bathroom, and wood or kerosene heat. I got by just fine - comfortable even.