I would obviously would have a higher monthly obligation, but it seems like a more than fair payoff to have a larger War chest of cash. 

And how do you analyze larger building vs smaller. 

Companies started to form mortgage pools, or funds, to allow for quicker closings and larger spreads.

That was the larger point I was trying to make.

Of course, this only gets you some operators/developers and working for larger companies you tend to be pigeon holed into a very specific role, often with very efficient systems and processes. 

The WPA may have been larger adjusted for inflation. 

Save that time and energy and start working on income producing properties if that’s your goal.

My plan is to start out in single family and small multifamily properties and eventually larger multifamily once I get a handle on what I'm doing. 

I'm not talking about the large infrastructure projects or larger apartment units by bigger well-known developers. 

If your zoning application WAS approved, you would then have to submit signed and sealed alterations plans by a registered architect that demonstrates that the conversion meets all current codes, including existing building, Architectural life safety, Electrical, plumbing, mechanical, energy and fire protection.