I ended up buying a SFH home on a nice-sized lot and I am building an ADU on the property.

Quote from @Account Closed: Hey guys,I have no experience but after looking at all my options I have come to a conclusion that my best move is to buy land and develop multi-family apartment building (15-20 unit) 2 story somewhere between Miami Jupiter.Budget for everything 3MDone with cash + 6% line of creditLooking for long term holdI would love to hear any insight on what areas I should look at, ballpark of build price (hard costs and soft costs) and would love to network with anyone in the area on this.ThanksIf you're looking to develop a 15-20 unit multifamily building with a $3M budget between Miami and Jupiter, there are a few key things to consider:Land Budget: Aim to keep land costs around 10% of your total budget.

They can depend on the person and the property along with a multitude of other factors.

You learn the most about being an agent in the field and by choosing a good first brokerage with good training either in-person or online, depending on your preference.

@Matthew Kwan I believe it depends on the type of loan.

(If you made an offer on a 20 year old home with a 20 year old HVaC and the inspector says it only has 5 years left.

I was wondering if anyone here other than me was even aware of this new legislation and if anyone was working on anything like this.

Good luck on your journey!

Do not rely on it for legal advice.

You would want to find a private money partner for this who wants in on the deal.