I have a lead that owns a large house that she also uses as her business.

If getting another $100k in cash unlocks a large flip profit to keep scaling/injecting capital into your business or a great cash-flowing property that outweighs the increased capital cost on the triplex, then go for it.  

There aren't very many large parcels left where you can do a development. 

I'd be happy to share with you the CRA info.Edgewater - North of Brickell and Downtown Miami is a large area with lots of newer high-rises and an incredible number of future tear-downs and developments. 

It was a large number of condo buildings throughout the area, not just one complex.

Condos are often terrible rental properties because the HOA controls a large portion of the costs.If you want to get into rentals, take the proceeds and roll it into something else.

If he has a large stockpile of cash or liquid assets, this can also help mitigate risk.  

Approaching 30 MTRs in LA and some in Vegas, I've learned a lot from Allen, who also recently launched a free Skool Community where he has weekly Q&A sessions and provides long-format content on how he operates his MTR business.If anyone reading is in NJ or has an interest in MTRs, the above folks are the go-to people!

Household formations are the primary driver.

I've been told the hard part is finding a builder who's willing to build without me paying a large percentage upfront.