What are the pros and cons of even looking into a proposed multi

[Afton Ward]

Hello Bigger Pockets family. My Name is Afton Ward, I've been secretly stalking all of you and absorbing info as I go along. I'm new to real Estate and I'm educating myself to better understand what I'm getting into.

So while scrolling through loopnet I saw a property that sounded great but it's a "proposed" property. What would be the pros and cons in investing in a property such as this?

Thank you in Advance