It's all about the money.Many bought the belt line with grants, TAD bonds etc. in mind to develop the land.

Deciding to play an active role in the forum discussions helped me in my development as an investor big time!

Yellow letters are intended to convince a single family homeowner that you are interested in their house and took the time to hand-write them a letter professing your love for their place.How in the WORLD would that messaging translate to multi-family, where the owners are LANDLORDS and BUSINESS PEOPLE that are - i guarantee it - 100% WISE to the old yellow letter trick.If you want to be in a business, be a business person.

To put your large capital down payment at risk with little control doesn't make sense.At 17 out of 80 units you do not have majority share control of the development.

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With time and as I start to build my team, I will have more developed and accurate estimates for these numbers.

Welcome to BiggerPockets @Kaphan Edwards.When I found the site, I was at level 0 for sure :) BP has definitely played a major role in my development as an investor.Good luck on taking your business to the next level.

I would also suggest you tie into a good realtor that could help you on your search for discounted properties and they will help you with developing an idea of price.

Basically my family and I are taking a "gap year" to decide what to do in the future as far as our profession.

The easiest way to start is to develop an investment criteria and seek out multifamily in each market that matches that criteria.