Good luck on your journey!

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

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

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.

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.

Always pay on time, take care of their units as if they were their own, etc.

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

If a SFR it's on them*, MFR probably on you as there is a potential that another tenant brought them in.

It seems often that people will dwell on books, articles, podcasts and other sources and really just need a bit of personal motivation by peers to get out there and take that risk to start gaining those Street Smarts. 

We ended up putting that on the backburner and using the typical Airbnb, Furnished Finder, Zillow, etc. routes to fill our units.