Beside the labor costs there are the permitting and restrictions around Truckee.

But you can only get a construction loan once it is permit-ready to break ground, etc. 

You’ll spend more on surveys, permits, and building which is where you’ll need the financing or to pay directly over time.

I would just be cautious about doing the work yourself, without pulling permits.

So if I pull permits and my work passes inspection, is there going to be an issue I’m not aware of?

Not yet, looking to attain permits & start horizontal development in Q1 2025. 

You need to know vacancy in the Roswell market for apartment units on average and the business department with planning and zoning how many permits approved for new multifamily builds.

Be prepared for things like carrying costs, permits, and any surprise repairs that come up.

Without the sprinkler permit you can't pull an underground plumbing nor interior plumbing permit and if you're amending the plans that could hold up both of those permits, which could stop your build in its tracks, depending on when the mistake is caught. 

Apparently in Texas which might as well be the Moon as compared to Cincinnati, commercial lenders do not permit subordinate seller financing.