First small Development, 4plex, or 4 townhomes?

[Andrew Kiefer]

Hey BP Family. I wanted to ask for advice from small developers in the forum, to see, what makes more sense as your first smalldevelopment, something like a 4plex, or bigger type of small MF, or like 4+ townhomes in a row? Either strategy, build to rent or build to sell.. and why you make one decision over another ? Also, where would you start first? Discovery and due diligence, finding the land, the design and plans of what you want to build , financing , etc? In which order? I was thinking getting the plans for the project I have in mind and then find the right land for it , etc....