@Zehua ZhouSounds like a lot of extra work and money?

In terms of getting into apartment complexes and large transactions - it's much easier than you think.Real estate is filled with opportunities to deploy capital, but in the same time is filled with fast-talking snake oil men that will happily take your money towards a "fund" so you own a portion of a large portfolio... only to find out the fund's performance is below par, your money is locked out, and the only person making money is the fund manager from the management fee they've locked you into. 

If you can buy and hold, you will make money in the next 3-5 years, even though you may have a temporary negative equity experence. 

Last I checked nobody will loan you money to invest in the S&P 500.  

Now I just want to ask any of you out there would you build in my position or invest that same amount of money?

What are my options in financing my second property with the least amount of out of pocket money and/or using the equity in my first property.

Also, everyone is anticipating much lower rates over the next 12-18months, so if you purchase today you will most likely refinance to a lower rate in the coming few years.With Real Estate it's important to remember not only that it is a long term investment, but that there are many ways to make money on the asset. 

If developers aren’t building because it cost too much due to inflation, and why would developers spend all this money to build and then take a loss on the sale?

Avoid the classic beginner mistake of over-spending on non-necessary over-improvements.

If you have ever heard the saying you have to be in the game to win the game, I have found that you have to look for properties constantly to find the deal you want, but along the way you find a lot of other properties, that if you had your real estate license you could have made money on.