For the past 2 years (throughout high school), I have studied real estate and tried gathering as much info as I can.

If you are lucky the planning department would have some of those answers while the building department can help you on the cost of building permit and inspection fees within reason (you will still need a case study of course).For education look at some of the marketing packages on loop-net in San Diego for apartment developments to show impact fees, cost to construct, timelines and cost estimates. 

But my investing style, and ultimate goals, were completely in line with what they preach so it made sense to keep studying what he/they said. 

I'll just take your info, add what I find through self study to it and go from there. 

Or I would grin and bear it and try to take the entire time of the lease remaining to study and read more about landlording.

Finally, study the loan documents.

I have been reading/studying for almost 7 years, but I have not been able to pull the trigger and jump in.

When we did the competitive rent study portion of due diligence we found there was a rent pop for a/c and right now we're trying to figure out how to install a/c permanently (powered off the tenant's meters) at a price that makes the investment feasible.

Study it as an art and you'll get the science.

Study MF and business, learn it inside and out, and then partner with an experienced MF investor your first time out.I would have answered differently a couple of years ago, but now see that scalability and a hockey stick chart pattern come quicker with MF, if done correctly.