Being a passive investor is a great way to learn - see how the deals are underwritten, the markets are chosen, the deal is presented to investors, etc, and it helps get you experience without having to take on all the burden.

I just put myself in their shoes: while it is a very emotional time, there are also practical needs to be met, and the PR is the chosen decision maker.

I agree with James, you've set the bar pretty high for yourself with your chosen goals...considering that you're starting from zero.

Only one for example there was 92 units in 35 properties for sale at bulk for arround $1,6 million if the seller had chosen to sell individual he had got $2,4 million for it.If you have the time so send me some infos to my email please - thanks.

Even for the finance without non-recourse law, only about 0.2% of the debt was recovered as the legal expenses were too high.Thus (5) is maybe the biggest plus for home investment, but a extremely politically sensitive aspect, which the FED researchers have chosen not to discuss.In spite of (4), overall a home is a good investment.

Yet you have chosen not to do them. 

Hi Garrett,Just off the top of my head, here are some of the steps you might want to take.Seek a construction lender for the job as as well as a lender for when you are stabilized.Find out what the Lender Requirements are for YOU (and your Partners and Co-signers) and for the Project, and work to meet the requirements.Open your dialog with a Lender(s) early on, and keep an eye on interest rates if they flux up you may want to reconsider doing your build.Talk to an Architectural Firm (that has built recently in the area) apartments of the size and type you are wanting.Ask them for some rough (You Spend) figures with timelines on them and see if that matches your Vision for the project (be ready to take out your checkbook for this).If it's a GO, have them recommend a General Contractor for the job (that has built recently in the area) apartments of the size and type you are wanting.If there are tax incentives tied to the project for certain renter classes have your CPA figure that into your projections.Consider any "Dirtwork" (soil engineering for poor soil) or required "Drainage" costs on your chosen site (or shortlist of sites).If it's a GO, tie up legal control of your building site.Note: Big construction can Bite you in a Big way if you have little experience in it.

Simply state you have chosen a more qualified candidate.

Really the best thing you can do is get as much exposure in your chosen field as possible.

Appraisers are chosen through the lender.