Quote from @Sri Reddy: We are a team who are venturing in to constructing a multifamily unit from groundup.We don't have any prior experience in construction and are looking for financing loan options.

Have you established a team yet?  

I would focus on building your team.

See below:Survey (8-10 weeks) Request Permit Prints from Design Team (4-6 weeks) Site Plan and Septic Design from Design Engineers. (6-8 weeks) Need survey back to start designs as this is site specific Energy Docs (1-2 weeks) Need plans from Design Team to make request.

Those sounds like great rentals and vacancy rates have been decent - our management team only has a handful of vacanies out of the 300+ we oversee, thankful for that.

Finally, start small, analyze deals, and build a team to guide you as you gain experience.

It will be easier once you have a good team in place and know the ropes

Our IR team is vertically integrated in-house and not outsourced.

Even in your area, you may meet other out of state investors so you have more context for when you talk to the people who will make up your team there.

Always research local regulations before investing.The Importance of a Local Investment TeamA knowledgeable local team is essential for success.