I'm just gonna take the specs to local engineer or architect pay whatever consultation fee and have them review it.

Would like the subsequent to be 20 some units. way to step it up great work, I'd encourage you to look at single plots of land and one large tract of land and one multifamily or mixed use that has 20 housing units. without plats and engineering if you are really feeling it go for midrise over 5 stories wait till you see how much you can make! 

Using stabilized property algorithm to set value ignores the primary source of return.  

Well besides the hard costs (construction, materials) and soft costs (permitting, architecture, fees, engineering) people often forget holding costs. 

However, I strongly suggest to seek a structure engineer or architect/drafter that guide/help you on planning and dealing with zoning permits as well.

I'm a software engineer for a company called Accenture but I dabbled in underwriting multifamily on the side.

It's also important that you have a good civil engineer.

For most people high debt will eliminate a high credit score (wealthiest excluded).3) FICO takes into account credit obligations that were not satisfied (I.e. are in default).  4) the entire purpose of FICO is to use an algorithm to determine likelihood that the person will pay future debt obligations.5) a good FICO provides the potential stick used to collect moneys owed.  

I lead every stage of the development from the rezoning of the property, handling all the communication with architects and engineers.

The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.