Long story…but if I had it to do over, I’d keep as much cash back as possible and get the financing and construction in one mortgage.  

-J run the numbers on both but you can also build a duplex. if you look at ground up construction we build for investors in areas like homestead and we are just starting to look at the entitlements to put 2-3 units on each infill lot they are going for around 100k right now.

The answer will be dependent on your fact pattern, so a general forum like this may not be able to answer such a broad question.With regard to the LLC structure, note that CA does not recognize series LLCs, and CA tends to have a broad opinion of what constitutes "doing business" in the state, and therefore, what LLCs need to report with the CA Secretary of State and file appropriate tax returns. 

The only time I will go to a closing is on the brokerage side of our business and it is a first-time home buyer. 

What I recommend is probably not good business practice (profit wise)  but i always build great relationships with my tenants ( also they always paid) and I had many over the years. 

@Le Yi I would recommend Ian Voakes with Voakes Construction.

The Fractional 1031 exchange is into a ~$20,000,000 ground-up construction multifamily deal.

learned a lot about construction and improving my efficiency and knowledge.

This is impossible to answer without knowing what you're trying to insure and how you have your business set up.

My income is a bit low but my business partner does have a solid income.