@Andrew Caton What size deal are you looking for right now?

I’m not trying to rain on anything here but the reality is that measuring Btus delivered to individual units via airflow is by its very nature imprecise - if you want to know why, read on...The size and length of the ductwork is but one factor ( of many) that will yield energy losses while that warm air is being moved to your units.

With the funds you listed and property size you should be able to comfortably have 2 even 3 projects going at once (depending on what you're up for), especially after you sell the current house you are renovating.

These will specify how the land can be used, the size of parcels, and what you have to do to build on it.

Thanks for input - He's insisting that because it's a DSCR loan, and because the size of the deal is too small to go into their "Portfolio Loan" product, that it has to be two separate loans. 

@Lorenzo Lopez It depends on the size that you're focusing on. 

The west has a completely different scale of size than out east..

I'm interested in learning a bit more about typical vacancy percentages, size of the local population being serviced, reasonable percentage of effective gross income for expenses, etc. as well Peter.Hopefully some experienced member(s) will sound off!

Basically the building size is limited by the lot size. 

Costs like engineering and permitting can become disproportionately high for mid-size projects.Height and Density: Focus on areas where zoning allows for verticality and density.