This analysis was for my first protege and was more thorough than the appraisal).  

@Blake Kirby the new construction is mostly SFHs on the far outskirts, or "luxury" apartments and/or condos as infill projects.

Depending on your multi-family interest, type of project and timing; I might have some interest, if you're open to that idea. 

We’ve just finished our 2025 planning meetings for our six largest projects, and it’s been an interesting process. 

First, I'd suggest getting familiar with the basics of real estate investing—property types, financing, and market analysis.

A tidy profit, plus confidence to tackle the next project solo.On the topic of self-directed IRAs: While they’re fantastic for gaining experience and diversifying into real estate over time, they can feel restrictive if your main goal is scaling quickly.Here’s what I’d focus on:Using Equity Wisely: A HELOC or cash-out refinance could unlock funds to pursue a flip or duplex without touching your 401(k).Partnering Smartly: Your realtor friend sounds like a great resource.

John - Would love to hear more about your NC project as we have a good presence out there as well (1-Mars Hill, 1-Burnsville, 4-Hendersonville). 

Your exposure is any open development or syndication projects that fail if you pass.  

Am interested in diving into deal analysis to learn how to spot a good multifamily deal. 

The lots will be great to develop (either by us or another builder) and that's where the big payback will be on this project.