Engineer didn't note if there were frost free footings.  

Higher interest rates but it lets you get your foot in the game if you know what you are doing. 

I went on Zillow and found this 1900 square foot house with 2 bed, 1 bath and a nice floorplan in the listing.

If it was me...I'd check with zoning to find out how many dwelling units I could build, and I'd find what the requirements are for those units (type of house, height and setback restrictions, etc.).Then I'd find out what local builders think the cost to construct would be - just get a cost estimate per square foot for 2 or 3 different levels of finish.

They may require a foundation (footings) of some sort, a different home set up, among other things.

My goal is to learn as much as I can, connect with experienced investors, and start building my portfolio.I believe wholesaling offers a great opportunity to get my foot in the door without the large upfront capital required for traditional investments.

Well Giacomo, Sometimes you are the football and sometimes you are the foot.

I usually volunteer - big & loud, directing foot traffic.I think the group did about 40 properties in 2017 and we have done about that many so far this year. 

I'm seeking opinions and examples of per-square-foot costs for constructing new multi-family developments in NYC. 

@Pearse CafieroWhen starting out with your first rental property in Los Angeles, I’d recommend exploring FHA loans or private lending options to get your foot in the door.