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

The choice depends on individual financial goals and 5-10-year goals.

Once everything is on then off, I’ll make sure the water meter isn’t running.

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

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.

(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.

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

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.

I have a similar situation right now on a deal i have pending.

Best of luck on the journey!