Where it falls in that range will depend on age, size, and current condition of the place and the major capex items.Inherited tenants can be a blessing or a curse.

There are great views out to the distance of a mountain range and the desert.

I don't know much about Stockton but I think that price range probably isn't the best neighborhoods.

I'm trying to see if building a new contruction 2-4 unit makes since in volusia county(northern orlando)I've only done traditional rentals with traditional financing.What range of per sq ft am I looking at all in on a project like this?

Get a few of those and read them - that way you can start to get familiar with what kinds of things can happen in a house, and how big of a deal it is to fix each one of them.If there are any new houses being built in your area (like, within bike or bus/train range), and the neighborhood is relatively OK, go over to that neighborhood, after the workers have left for the day, and see what building a house looks like. 

There, you can typically expect cash flow ranging from 10-18%. 

For my houses, I run about $75/month for capex in my model, which is usually around 6 to 7% of gross rent (usually in the $1200-1300 range in my area).

The issues we ran into were being pre-approved for a mortgage much lower than what most houses in our area are selling for, and finding houses that were in our price range did not qualify for conventional mortgages.

Prices so far this year range from $420k-$1.05M all with ocean views or ocean access.

In terms of your financing question, the majority of loans we do are in that $1m to $5m range, so that's not an issue at all (fake numbers wasting everyone's time would of course be an issue, but let's stipulate that it's solved).