. $30K may be insignificant to you and the other nay-sayers, but it means rather a lot to most of the rest of us.

@Meshael Eady I sent you a PM, there's a lot to know!

. - they have a lot to lose.

My goal is to dive into multifamily investments for my first deal, and I know there’s a lot to navigate—from finding the right property to building the right team.

You gave me such great advice a lot to consider.

Usually, I would say this is a lot to bite off, but you are young and already have a single family so you aren't a total noob. 

I would assume that you'd just simply sell each individual lot to the developer at a set lot price such that your cost to purchase the raw land and improve it to buildable lots was worth the proposed profit per lot.  

Now if a marketing company is bringing you buyers ( like what happened in FLA) were the buyers are putting up BIG non refundable deposits etc. that is worth a lot to a builder and the marketing company deserves comp for that.

They work in every area and a 2 bed, 1 bath does not take a lot to furnish.

Just watch out for HOA fees because they can be higher in boutique projects if they have a lot of amenities, not having an elevator will help here, and if one owner stops paying it can mean a lot to the other owners.