Are you set on starting with a larger property, or would you be open to beginning with something smaller to build experience?

Not sure if you staged it, but I did my homework early on when I first started so I know my pricing and I build it into my deals.  

Quote from @Kolby Knickerbocker:  Have you considered building here in Central Oregon or an STR here? 

Having a solid team around you like agent, lender, contractors etc.

Also, the ability to find good deals with an accurate budget to complete the project up front from some good project managers/general contractors.

Her husband is also a GC who can help build additional units as needed if you get something that can fit an ADU.

I'm just beginning but am considering a bigger commitment in the next five years or so by accessing some or even all retirement funds to buy a building (I'm sure people have thoughts on whether or not that is a good idea!).

Hello Mike, It is nearly impossible to answer this question without taking a deep dive on the numbers of each but often times in expensive markets like Seattle the cost of construction is so high that it doesn't make sense to tear it down unless you can build something way bigger/nicer.

I'm an experienced project manager with hundreds of cradle-to-grave efforts under my belt, including building project scopes and budgets, evaluating contract proposals, and managing construction to maintain the delivery of high quality products on-time and in budget.Penny is a licensed clinical social worker (LCSW), serving the community mental health needs of parents, children and families.We both recognize we have an immense opportunity to serve our community and want to capitalize on the blessings we have been provided so that we can continue serving our neighbors.My wife, Penny, and I are looking to transition into commercial multi-family real estate in 2025.

This includes structural components of the building.