If so, you should also look into the insurance requirements during construction (both builder risk as well as the GC's policy, but particularly the GC policy).

I was looking into bank stamens loans as well but I'm not sure if that would be the best option for us currently.

Starting with the area you're already in is a really good start as well.

I've got a PM that handles a lot of units in this range so we are both fairly well versed on what to expect.

The unit SF is one component of its size, but then we will sometimes add exclusive use common areas  as well as a pro-rated allocation of the common area.

i want to do buy and flip and buy and hold as well. 

Quote from @William Penn House Jr: I just got off the webinar and fell for the OKEDOK,  It was clearly stated the they would charge only $197 tioday as well as monthly and that would include everything.

We are very much interested in commercial units as well as single family condos. 

And I copied that idea for the core of my portfolio (although I also invest in alot of passive deals as well, in the satellite portion for a core-satellite approach).

He is by far my most successful protege, but my second most successful is doing quite well and then I have a few who are making process to doing well.