Account Closed mentioned, it would probably be best that you partner with someone that has experience, or start with something sfh or duplex.I had an opportunity this week to build 12 unit apartment in Simi Valley for a friend of my uncle, and the land costs around 500k and halfway paid, soils test and some other stuff done.

Wetting of expansive soils, such as clay, under the house. 

I am part owner of a Sandy impacted place and had it been straight investment property  FEMA would not have helped as they did. 

These aholes came to our soil (embasies) prepared to burn, kill, and destroy.

The engineer will have a hard time analyzing your project without soil sampling how much more with only mere pictures and words.

The sign said for sale asking $23,900 cash, it was a single story small house with a detached garage on a corner. and for those that don't know Keansburg was flooded by Hurricane Sandy back in 2013.

If you are not planning to do any site work and disturb things down the road then you probably have less exposure--I think your lender is going to drive things, but when you see what can be required if you have any issues.you might contact these folks and see what they might bid for a review.if you pm me I can provide you someone who did some soil work for us in DC much lower than the going prices.

Sinking soil is a good indication that there is a leak failure. 

If the soil underneath still has further potential for settlement, the jacking will only be a temporary fix.

Once the Market Analysis or BPO is completed you will be able to determine if the project is feasible-  and if it is, then you and your Project team can complete the Predevelopment Phase that will include architectural drawings, site plan, elevations, construction estimates, soils and environmental testing, just to  list a few.