Hey guys I'm new to the forum, I just stumbled upon the forum yesterday, I'm 23 years old right now I've been flipping used cars and doing contractor work for the past year and i've saved enough of my profit to purchase my first property, any advice, tips, book recommendations, courses or thread recommendations would be greatly appreciated, I'm in a mode where I have an immense appetite to learn and absorb content.Thanks,           Quin

There's so many ways to make it work, that I hesitate to advise on the "right" option - it all depends on your risk tolerance, appetite for leverage and long-term goals. 

You're best option to get all these questions answered is to find a local/regional bank (local to where you want to build) and see what their appetite and offered terms these days for construction loans. 

I would think that short term prices would suppress on SFH's but from a little bit of online research about the RE effects of other hurricanes, that seems not to always be the case as demand goes up as rescue money and recovery related personnel pour into the region.     

I second what @Mike Wood stated above, and will add that building code will require a full fire suppression system for any new construction multifamily with 5 units and that will be very expensive in itself.

I stress to you large opportunities so here is a thought - check with a local LO with USBank and determine if they have an appetite for your situation.

On forums that only track posts and not votes/karma/rep/ whatever they call it I see more of the mega-posters with 30-40,000 posts and folks tend to fall right in line with what that individual says, sometimes suppressing debate. 

That is a personal choice based on your appetite for risk. 

i dont know "when" if 2020 is right or not but i do personally think that these mega plex luxury buildings are going to feel some serious pain the problem is that theres still so much capital floating around trying to find yield that even if they take a big haircut on price or large vacancy ... there will still be appetite for the riskone thing that could put a big change in the market and probably not talked about as much is the Millennials will stop wanting to live in a box and will start wanting to move into a house.... suburbs that have been basically looked down upon will find itself going thru a renaissance we are already seeing suburbs starting to get things like trendy coffee shops, art centers, etc to make them more geared toward millennials ... this will continue and i think the "city living" in metros that are not nyc sf will see an influx to places i know what you are thinking "ok Alex sure... but what will be the catalyst will be for this change in behavior?"

It really depends upon your appetite for risk, willingness to shoulder more work for the return, and patience for that higher yield!