Southdowns is also an option, but it's a little more expensive. 

These strategies reduce living expenses, offer easier financing options, and are ideal for college towns, urban centers, or large employers.

Quote from @Account Closed: Hey guys,I have no experience but after looking at all my options I have come to a conclusion that my best move is to buy land and develop multi-family apartment building (15-20 unit) 2 story somewhere between Miami Jupiter.Budget for everything 3MDone with cash + 6% line of creditLooking for long term holdI would love to hear any insight on what areas I should look at, ballpark of build price (hard costs and soft costs) and would love to network with anyone in the area on this.ThanksIf you're looking to develop a 15-20 unit multifamily building with a $3M budget between Miami and Jupiter, there are a few key things to consider:Land Budget: Aim to keep land costs around 10% of your total budget.

Got lowball offers or ones that did not pan out so i went with the long-term rental option which is working great.

Or any other options you prefer such as a 1031 exchange?

There is no “hard money” purchase option in the realtor offer forms, so cash kinda makes sense, but there is a spot for “other,” which maybe is a better spot?

If your lease does not address this, then I recommend you have the conversation quickly.I give tenants two options: 1.

If you're looking to list REO properties, then there are several sources, REORenegades is a great source, and REOMAC conferences and dinners (to network), along with the National REO Brokers Association www.nrba.com.

Leather is a good option and it does get a lived in look after a while which can be either a plus or minus.

I'm working on building relationships directly with placement agencies to become their local go to source of housing.