While both involve finding and properly securing a site and bringing it to full entitlement, the ground-up process includes the land piece but gets way more involved and complex to execute.The full "Monty" for ground-up development needs to include financial literacy, an explanation of metrics, and how they work.

Leveraging equity does involve some risk, so it's important to have a sound strategy to avoid overextending yourself.

👏Regarding subcontractor contracts, it’s essential to have a well-thought-out document to ensure clarity and protect all parties involved.

Everything in the other states we're involved in has re-opened or is in the process of re-opening.

Overall, while multifamily properties can be lucrative, they require careful consideration of the financial and operational challenges involved.

Quote from @Stuart Udis: ....But I set the goal of acquiring 50 doors in the next 3 years using the BRRRR method and will then be financially free...isn't that a scalable business :)We see the above type comments from not so experienced investors or business owners all the time being posted on BP.  

There is a lot of training involved, it takes months (up to 2 years), and they usually like to start them off as puppies.

That said, you could go to the mayor and police chief and ask what steps were taken with the involved officers.

The higher the cap rate, the more risk involved in the building. 

I’ve been involved in real estate investing for over 30 years, so if you ever have any questions or need guidance, feel free to reach out.