It was a learning experience but I made it work in the end.Mine was a 5 unit commercial building that needed a gut renovation, similar to yours. 

I work for a building materials company now and took their online game from Zero to very engaged in the past few years and it's been really fun.

I am a professional photographer and have been doing that for the past 18 years, so I'll also be building my business in NC from the ground up!

I am looking at 1031 possibly or just fixed refi/or use my heloc for the time being on a value add for a building 10-40 units (market dependent on price). 

Quote from @Kyle Carter: I want to buy an apartment building and rent it out to all section 8 tenants.

If this is your first property, you could consider starting with a smaller apartment building and going after the opportunity first, and the property as a secondary consideration.

Quote from @Denise Evans: Do NOT sit by and let him build and then hit him up for a "better price."

This thought led me into studying about becoming financially free and building generational wealth.

Quote from @Kyle Hess: I'm building a list of tools you could have handy while touring a potential fix-and-flip. 

Pre-construction homes, which could build $50-60K in equity within a year or two.I can afford a 20% down payment, but I’m torn between focusing on equity (pre-con) or cash flow (resale).