Also you will have to get creative with financing unless you are already wealthy, or buying extremely cheap properties. 

It's then up to you as the expert to present them with the best possible financing structure for them moving forward. cash is the easy way out for investors who have no creativity. there's going to be times when cash is the only option because of their circumstances, but always try to structure a creative deal with little or no money down.

Thus began an extremely stressful 10 weeks (occurring simultaneously with losing my dad).  

Dear Bigger Pocket members,I have a group of out of the country investors which are very interested to invest in new construction development in Los Angeles, mostly multiunit projects.I would love to get some experts opinion on the subject.Acquisition costs, prices to build per sf, average lot (ready to build) and any other useful info.I am aware that I may not asking all the right questions, but I have to start somewhere.Thank you !  

Hi ErsiI'm not an expert but I do know this every city has a county. 

I am extremely excited to see what I can offer and what I can learn as part of the BiggerPockets community.

Sure, i need some expert guidance

I am extremely new to the RE industry.

listen to the podcast they are extremely helpful in pointing you in the right direction.  

It just seems extremely risky and expensive.