This is expensive.There are many creative ways to find deals that incorporate you reaching out to buyers that can be less expensive and more targeted.

If I incorporate risk in my model from the start, I can mitigate the risk with cashflow and location.  

Because I am managing for myself and a family member, do I have to incorporate an actual LLC/Corporation in order to manage these multiple LLCs?

At the end of the day my main goal is to be a self-employed real estate investor as soon as possible, rather than grind out time in corporate. 

Maybe if you incorporate some unique amenities you'd have a shot at getting higher rates. 

Costs Costs that can be financed 43200 x $140 = $6,048,000 building costs       $75,000 pool       $150,000 site work       $85,000 land       $10,000 design fees       $60,000 civil engineering       $5,000 legal fees (condo incorporation)       $100,000 developer fees       $288,000 commissions and closing costs       $7,000 web design       $6,828,000 total financiable costs Costs that cannot be financed       $1,092,480 closing and interest costs Total cost       $8,208,480 total costs Total cash cost $6,828,000 x 0.2 = $1,365,600 down payment on construction loan       $1,092,480 closing and interest costs       $2,458,080 total cash cost Revenue, Profit, and ROI       $200,000 estimated sales price per unit 36 x $200,000 = $7,200,000 revenue $7,200,000 - $8,208,480 = ($1,008,480) profit ($1,008,480) / $2,458,080 = -41.03% ROI

My listing in Greenville SC is in a reviving industrial area so I've incorporated some industrial elements into my listing https://www.airbnb.com/rooms/788487343968059581?

@David LiuNot sure about your market, but septic inspections here normally will snake the tank and leach field with a fiber optic line / camera. 

-Value or Appraisal ProcessAny building 4 units and less will be heavily appraised based on comps. 5+ structures weigh more heavily on the income approach (Value=NOI/Cap Rate) but also incorporate comps in the areaThe beautiful thing about all the questions you posed is that there are professionals in each one of those areas that can assist you further without having to expend all your time and energy trying to figure it all out on your own.

I've already built a model, tweaking it as needed,  although I love what I see on 'Adventures in CRE' and may see if there is anything else I can incorporate.