Moreover, if you haven't already, read "Long-Distance Real Estate Investing" by David Greene to understand the concept of developing your core four. 

Read "The House Hacking Strategy" if you're unfamiliar with the investment concept. 

Quote from @Edward Acker: Novice investor, trying to keep costs down but do not wanna lose my shirt.

I want the concept plan to illustrate hypothetical lot layouts with different zoning regulations such as R20, R30, R40, PUD, or special use.

Do one and get proof of concept.

Also can someone please explain the refinancing part in very easy to understand terms, I'm having a hard time grasping that concept of getting the money back to reinvest? 

Also if you really want more 'hand holding' training then the best 2 are 'Lance Edwards Multifamily Success Home Study System' and "Multifamily Investing Academy with Charles Dobbins'

Hopefully I’ve just answered my own questions but mind you it’s taken me like a couple years to formulate these concepts as I’ve done my best here to explain them lol.

To this end, I will have multifamily designs that  I will execute in specific markets as a proof of concept, for both the viability of construction, as well as my ability to manage and maintain a multifamily asset. 

@Wayne BrooksOkay I understand now, prior I didn't quite understand the contract concept but now I get it.I am probably not going to pursue the property because of the fact that it's already under contract with a realtor.