Lot of other factors, but dont leave your day job until you have half of your wages covered.If your a hard core entrepreneur.  

Originally posted by @Steven Libman:@Zach Quickit depends on size of course, but these are 100k+ sq ft averaging 6 months build time and 18 months lease up I feel compelled to point out that while this is "possible" and am in no way suggesting that what is posted here isn't factual, it is FAR from what one should expect when developing! 

Build a core group of relationships that you can learn from.Mike

Typically, class A/core/core plus assets will have a lower return than class B or C assets, but this isn't always the case.I would also recommend you become familiar with the different asset classes.

Rently is "triband" from their website "The central core of the Keyless system, the Tri-Band hub technology includes 4G LTE"

They may be able to finance you at a low down payment if you have experience, reserves, and FICO as long as the 65% of the value can support the entire purchase price  I wasn't saying 0 down, but the concept of full return of capital. 15% land purchase cash. in columbus land is let's say 50k we build a triplex for 350k which is very close to 15%. small entitlements, reserves required, etc whatever lender asks for. multifamily sells for 200k per door in our market over 4 units, we are pushing the values up. first ones we are working on because of rezoning, etc but it's a full refinance on 6 month seasoning and do it again. that's the scenario that I was outlining. we do it in the urban core of Columbus where new construction trades at $325 a square foot or more for higher rents and higher equity. we could still put more units per parcel in columbus. these are all infill I hate Lehigh acres. overbuilt, no infrastructure, no commercial drivers or asset.

I suggest reading this article below. https://www.biggerpockets.com/blog/core-four-real-estate-team

Neither of your scenarios are very compelling to me

I would challenge everyone to read Small Giants by Bo Burlingham, excellent book on growing a company with culture and core values.Buy Right Manage Right Finance RightGreat post AshleyGino

we build stacked triplex 2004 sq ft total, 668 sq ft in columbus economics work here for new construction enough to pull all cash out with land in urban core very affordable on infill lots.