Just to give you an example of the type of thing you'd be potentially looking out for, if the community has a pool terrace planned and it's orientation in the new building would face directly towards your property, that could be a source of significant noise and disturbance for you/your tenants, and could make it much harder to sell your property once the new building is built and occupied.On the positive side, new apartment buildings cost millions of dollars to develop and build, and developers really only sink that much money into areas where they're forecasting rent growth and property appreciation for their investment.  

My recommendation would be to own residential first so you have a much better understanding of the costs to own real estate.

It sounds like you'll have well over $100K into it, between down payment and closing costs - is that accurate?

The rentals are paying the holding costs on it so far (taxes and insurance are high in this market).

AI machines can extract resources such as minerals and food and distribute them at no cost. 

Cap rates, location, and understanding the cost per door alongside your mechanicals and capex is going to be key when buying multi-family. 

I will have access to ~1M in cash for down payment and closing costs (I would also have reserves, separate from this capital).

Partner Driven financed the Cypress Place deal using its own capital, covering the $290,000 purchase price and $20,000 in renovation costs.

Partner Driven financed the Greendale Lane deal using its own capital, covering the $165,000 purchase price and $35,000 in renovation costs.

Neither of those options are extremely efficient or effective.