We plan to self-manage and may start self-managing the first property as well.

If you are able, and I say IF you can find off market properties and you present your self to the seller as a wholesaler, that may be diffrent, but then you run into marketing real estate with out a license which if I understand correctly it's a criminal offense in nys.

I have the ability to get these units built at very favorable costs and there are no real comps I can find so I am at a loss for planning my development strategy with regards to the size of loan I could reasonably get.This will be my first project and my partner's third but he self-financed the two others.

Are you looking for a specific niche, such as self storage or multifamily?

They now self perform all of their construction (along with offering 3rd party construction management services).

Invest: you can have a self-directed IRA (or better yet a truly self-directed Solo 401k plan) and invest your retirement dollars into virtually anything you wish, tax deferred.

Some keys for managing remote that I can think of are:-Leasing, are you going to pay local agents to do it or use self showing software like showmojo or tenant turner.

What's one piece of advice you would give to your 20 year old self about Real Estate?

If they don't pay, take them to small claims court.https://www.njcourts.gov/self-help/small-claims-court

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.