Our plan is to develop the building into 8 large apartments and indoor parking.

Or more videos and pictures of me kicking in doors or running after squatters.  

So if your property appeals to a younger/millennial crowd (who, because they buy Android and not iPhone, you know are not great decision makers :) ), then it may be a good idea.

While many higher-end communities feature detached garages, requiring tenants to walk a distance across the parking lot, attached garages with private indoor access is an extremely unique amenity.The weighted average unit size is fairly large, exceeding 1,100 square feet, and the three-bedroom townhomes reach 1,500 square feet in size, making them feel more like small houses rather than apartments.

It is like a mini central AC with separate outdoor small compressor and indoor wall mount evaporators, but the evap. mounts to the wall and recirculates/cools just that area in each "zone".

Of course, this depends on your risk tolerance, but leverage is what make RE much more powerful than other asset classes.  3) You don't need that much to get started. 

The upside is they know they are dealing with the decision maker.

We will be having dinner at the University Club on Friday night and I'd like to have a few folks join us who are active investors or deal makers in the Phoenix area.

I would like to make real estate/investing a full time gig.

Inside will be your big money maker.