Quote from @Account Closed: Hey guys,I have no experience but after looking at all my options I have come to a conclusion that my best move is to buy land and develop multi-family apartment building (15-20 unit) 2 story somewhere between Miami Jupiter.Budget for everything 3MDone with cash + 6% line of creditLooking for long term holdI would love to hear any insight on what areas I should look at, ballpark of build price (hard costs and soft costs) and would love to network with anyone in the area on this.ThanksIf you're looking to develop a 15-20 unit multifamily building with a $3M budget between Miami and Jupiter, there are a few key things to consider:Land Budget: Aim to keep land costs around 10% of your total budget.

If you're not timebound in a deal it could be worth paying these guys separately $250 for their time to walk you through a house and build out an estimate, that way you have an idea how they work for future projects.

I'd hate for you to spend thousands on a simple paperwork drill but I also dont want to you to get in over your head.Good luck 

So now we’ve had to call appliance repair guy.

I would love to know what you guys would do in order to get this process started if you we're in my shoes.Thanks in advance!  

Quote from @Max Kulishov: Have you guys gotten any deals sending direct mail?

Love or hate DR he exposes the reality of being a real estate speculator he was a house flipper who bought foreclosures. 

Considering all the factors in today's real estate market, how would you guys recommend investing this money? 

Lord knows there are a lot of fancy, online GP's now with beautiful websites, YouTube channels, and 10 people in their investor relations department but only 1 inexperienced guy in their acquisitions who couldn't underwrite a lemonade stand.good luck :)

Ok - thanks, guys!