Keep in mind that you'll need to qualify full doc (DTI, employment history and income will all come into play) and the property typically needs to be titled to yur personal name, not an entity. 

Have been listening to BP podcasts and reading books lately.

Just to clarify after reading what I originally posted, I would be getting a building loan from a bank that is convertible at the end of the build, not financing it cash from my pocket.

If you have tips for a first-time multifamily investor or suggestions for must-read resources, I’d love to hear from you!

Quote from @Rich Davis: Read the HUD guide.

Read "Long-Distance Real Estate Investing" by David Greene.

Is there a reason your incapable of reading?

Could be your housekeeper.I've found that condos that employ an on-site agent who lives at the complex typically have higher dues because it is not cost effective to do so.

Apparently, this is deeply embedded in terms and conditions (fineprint) when you sign up, do you really read through even single line item?

He would have to sell $25M+ to get that kind of income.That's not what I read, "I am planning to build a business to replace my income in couple of years".