New construction multifamily advice

[John Grinston]

Hi BP, I'm looking for advice on a VA new construction loan. I'm 32 years old and currently live in the property I purchased using a VA loan in 2018 here in Hampton Roads Virginia .I would now like to purchase a multifamily and rent out my current property. There aren't any MF in my area so I'm considering having one built. I plan to occupy one unit for the first year and move shortly after. I have 468k worth of VA entitlements remaining to cover the land and construction. I also have 60k saved. Land in my area is affordable around 40-55k for the lot (not 100% on that without knowing the size that would be required)As far as debt goes my current mortgage is $1080 a month with loan amount of 180K.My home is my only debt, no other loans or card balances. I make around $7300 a month most of which I save. My question is, with the information provided does this sounds possible ?I plan to start calling a list of builders my realtor provided but not sure what all questions to ask outside of price per square foot. Thanks in advance for the feedback!

[Yangyang Jin]