Advice on building apartments

[Jon Wesner]

Hi, the market on the central coast of Ca is crazy with 4% cap rates and very low multi-family inventory.  Instead of waiting to buy I have decided to start looking for land to build apartments on.  Any advice or direction on how to start this process?  Should I start small with a 4 plex?  I own a construction company, but we specialize in remodels and single family construction.