That means paying all cash isn’t an option unless you plan to bring another $600k to the table. . 

Plenty of people do have 10-20 unit and work thru it, you just need to think it thru and have a plan if you don't want to do all the work. 

Another critical point to consider is that even if a claim is covered under your insurance policy, having an asset protection plan in place can discourage attorneys from seeking the sun, moon and stars as damages. 

Make sure your financial advisor understands real estate taxation, financial planning and tax planning. 

I am pretty new myself to real estate investing but my plan is to own many LTRs .

.: I just hired an architect to design and plans submit for ADU in my 8 multi unit to use the tuck under parking.Some people say do not try to be the general contractor as it will take way more time, costly mistakes and will be nearly impossible to manage with current work. best to hire a company that will do it all and cost about $250 per square foot.

The first thing I ask is why am I Buying the property.I always look at the exit strategy first, is it going to be a rental, a lease option sell, am I planning on living in it.

Step 3: Compare build plans / specs to decide what you want to build.

@Krystal Stone I would be sure to check and see how many clients (youth) they are planning to house at one time.

@Eric Gerakos In theory that's the plan.