From the time the shovel hits the dirt until the first check in your hand will be a lot longer with development which adds on another factor of risk (all other things being equal) Another thing to keep in mind is that buying already built can have the flexibility of renting for less but generally speaking, new multifamily HAS to rent higher in order to generate a good return. 

This is like gold rush days -- the people making money are the ones selling shovels (and mailing/cell lists)

Maybe Eric Michaels would "cry like a little girl to the govt for help," but I would rather clean out Rest Stop bathrooms, drain out houses and shovel horse manure before I would ask the government for help.

I want my personal property safe from a tenant's guest who sues because they slipped in the driveway that the tenant didn't shovel but feels it is my fault for not reminding them every time it snows that it is their duty.

The only lending going on is from the GSE's, but that is only because they are mandated to shovel all the crap loans on their books, until at some point they either get bailed out with more tax money or default...

started a real estate investing forumYou often make more money selling shovels than digging for gold 

 Howdy everyone, Just a quick question regarding yard maintenance, such as shovelling and mowing the lawn in a shared rental property with a main floor suite and a basement suite. 

Foundation is easy , break out the shovel and start digging .  

What part of FL are you in?

Homes in Gainesville, FL are cheap as well.