Also, you didnt mention any financing costs, was this built with cash or do you roll that into your cost of construction?

There is also a ton of different financing strategies available other than your conventional mortgages.

It would never be someones first foray into the financing world.

If you ever need financing options for expanding your portfolio, whether for rentals or value-add investments, I’d be happy to help.

Your credit score will be worth improving to acquire better financing options.

How did you finance this deal?

One major things to consider that many newer investors miss with 5+ units, is that if you intend to hold, the property will need to be at least 75% occupied and stabilized before you will be able to find reasonable financing terms. 

Experienced developers, could you tell me how the process/financing works?

Quote from @Clint Miller: Seller financing opens up great opportunities for real estate investors, but coming up with the down payment can still be tricky. 

Won't be financing, so I should be able to build whatever I want.