The the variable I dont now is that 3+ units require Fire suppression, as well as stamped engineered prints in many municipalities, as well as added municipal hook up and impact fees. first you need to research the government fees, and what they will require of you, it is not unreasonable to have $10-20K spent before the first scoop of dirt is dug, Even a SFR where I am building I spent $6K in permits, surveys, and plans, the plans were the cheap part at $1,100

My recent building was a 3 unit that has one unit that's much too large (3000+ sq foot), but after realizing that same fact (adding sprinklers in a 1860s brick home), we decided against it as the cost was too high, and besides which there was no good way to add fire suppression without destroying the character of the home. 

Though there might not be much of an appetite for that type of loan in the post-pandemic credit market.Another possibility is to find one of the few lenders who will do a conventional-type loan product to an LLC.

Being good at real estate investing is about weighing your upside and downside risk, in the context of your portfolio and personal appetite for risk, and then coming to a strategic decision.

That’s a good point that every structure is used to sustain or maintain its integrity to help suppress fire 🔥 spread.

At the end of the day, I think it all comes down to your appetite for risk.

Of course, real estate operates on a micro basis and thus, good deals can be found at any time depending on your strategy, ability to grow income, and your risk/reward appetite.

This is from a top UCSF doctor who has written books examining the problems with trials and studies:"Last 15 years an increase appetite for uncertainty at time of regulatory approval for drugs and drug products. 

This depends on your risk appetite and financial situation.Let me know if you have other questions.Best,Bennett

Charlotte State Bank and Edison National Bank are known to have an appetite for that, but I typically go to national brokers.