@Jorge De Jesus You have been provided excellent, real-world advice by @Dave ChapaLike @Bill Spell I am interested in knowing more about the deal specifics (you don't have to give the address or anything like that)

The details:Location: Denver, Colorado located in very hot real estate market in an excellent location within 2 miles to downtown.Land cost: $475,000 currently with small 900sqft home on property Mortgage/holding cost: mortgage is $2800; I will be renting home on property for $1750/month (so I will be paying $1000/month out of pocket holding cost) while we go through the permitting processPermitting process: estimated to run 6-8 months in Denver before build can beginLooking to build five, 3-story townhomes on the lot, 1550 sqft each (about 500 sqft per floor), with detached covered garage in rear of lot for four of the units.

@Justin WindhamYou are correct, I can see how it could be an excellent learning experience, (self educating) and the key would be selecting the right provider, one that is communicative and has the time and experience to provide answers when needed.  

I'd be concerned about being the first few builders to bring a finished product to market since who's going to want to buy and live in a construction zone.

Looking for an excellent property management for a triplex that is 3 hours from my home.

Not a developer, but I think typically builders don’t want to have more than 25% of the finished product into the lot costs.....seems like your purchase price is too close to the individual lot values, after subdivision.

Setra Systems is one company that makes these products.

I agree if it is a large market being in a hadicap situation would be an excellent marketing tool.

They tend to be valued more from cash flow than from SFR residential demand.With that said, the financing for duplexes (and tri + fourplexes for that matter) is excellent with 80% Loan to Value and 30y fixed rate financing available.From this perspective, if you're building it would likely be more advantageous to build four 4-plexes than to build a 16-unit apartment.

The positives:Usually self detects trips.Can request excel compatible reports.Includes a notes fieldProvides capability to manually start a trip.has a category selection that allows easily categorizing business versus personal.has a means to connect 2 trips into one which could be desired if it thinks there is separate trips such as could happen for a lunch stop.Negatives:When they started they indicated that it would be free forever and then they started charging.