If you use a reputable builder, they know what permits to pull etc.

Although you could buy it all cash, and then pull out like 70% of the equity for your next project?

Would I be able to refinance that and pull money out of that?

I invest in self storage due to the good returns and the nature of the business.Ultimately you may end up trying a few different avenues until you find the one that you like best!

I would recommend you do some market research on Zillow and pull up the for sale and for rent listings on the same screen and then do the analysis to see what subdivision meets your criteria. 

@Edwin GiraldoYour plan makes sense.I'm assuming you're looking to buy and hold and not for a single family primary residence...You should also consider that buying with cash will then give you options later to refinance to pull 60-75% out once the property is stabilized and generating income.

She already pulled her online ads.

@Mark Williams if you have an established relationship with a broker in your area, they should be able to pull up information on comps so that you can look at price per door.

From what I've read you can do reverse 1031's, you can put that 22 unit under contract and put a contingency in there that you need to sell  your units, you can pull a line of credit on your current portfolio...I think you have a lot of options.

I’ve just got done with a refinance of a 3 unit that I was able to pull out $65k from after purchasing in May.