I am new to the valley and am trying to get a grasp on the market.

Some questions for those with a few development projects under the belt and a good grasp of the "financial engineering".Let's assume the following numbers for a multi-unit suburban residential project:Newbuild sales value: 3.8MUSDConstruction cost: 1.6MUSDCost of terrain: 0.8MUSDPotential gross profit: 1.4MUSDSo with a 36+% EBIT margin there is plenty of proverbial meat on the bone.

It is important to have a grasp on where in their lifespan those big items are because that will factor into what you want to offer.

I've honestly been fortunate enough to have lightly met and corresponded with a few investors in my area who are way more seasoned than I am lately, and so I am trying my best to keep up with their grasp of the material, as I only started a couple months ago.

With many cities and states ordering people to shelter in place, and only go out for essential purposes like grocery shopping, trips to the pharmacy, or to see a physician, it’s hard to get a grasp of what this pandemic is doing to real estate investors, syndicators, and financing multifamily property deals.

You will learn how to spot a good deal, negotiate, estimate rehab repairs, get a good grasp of the market, and learn how buyers think.

I'd make sure to really get a great grasp of proper underwriting and the fix and flip process first before putting any money out.

I would also recommend to house hack, sfr or townhome to start so you get a grasp of the basics.

I'm not sure whether to wait a couple more years so I have ~$100k in capital, or if there's a better strategy that I'm not fully grasping yet.

Sounds like you have a good realistic grasp of your options.