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!

The hit jogged me just a little bit and added just a couple more things to my trauma list as a child. for the next couple of months i began having memory flashbacks to memories that as kid were suppressed.

What you need to do to get such a title depends on the circumstances and the appetite of the particular title agent. 

Just curious on your risk appetite regarding the due on sale clause as interest rates ascend.

Richmond and East Oakland provide opportunities for investors who have an appetite for low-income, high crime areas.