I was a custom home builder until this past summer when I decided to concentrate 100% on multi family development. 

Also keep in mind that Brad has hundreds of students, which amplifies the competition in the markets where his students are concentrated (DFW mostly).

One is unlikely to regroup the cost of new construction and can not retail them because of cheap interior.The concentrated apts is the only exception.

Since you mentioned you want to concentrate on growing your PT practice, this may be a viable strategy for you.Also, we have a meetup in Northern NJ - you can find the details under my profile.

Live where you need to live and concentrate on making more money.

While you're in learning mode you have to decide what particular niche within RE investing you want to concentrate on!

I live outside of Philadelphia, and have a good team of people here, and have an even better team of people in Pittsburgh, which is why I am concentrating on these areas.

Prior to jumping to syndications, I suggest you concentrate on learning how MFH investing works.

For instance, if the employers in the city are highly concentrated to one industry you have large risk when that industry goes under you will have no tenants and your house value will tank. 

Mattapan will be next.As prices have been rising for many years, lots of people have been driven out in concentric circles.