Long time San Diego RE investor currently taking a hiatus from purchasing in the local market.  

.: @Kyle Collinshello. are you able and willing to travel to AL to build a network, look at properties, and get a team set up? 

Quote from @Account Closed: Hey guys,I have no experience but after looking at all my options I have come to a conclusion that my best move is to buy land and develop multi-family apartment building (15-20 unit) 2 story somewhere between Miami Jupiter.Budget for everything 3MDone with cash + 6% line of creditLooking for long term holdI would love to hear any insight on what areas I should look at, ballpark of build price (hard costs and soft costs) and would love to network with anyone in the area on this.ThanksIf you're looking to develop a 15-20 unit multifamily building with a $3M budget between Miami and Jupiter, there are a few key things to consider:Land Budget: Aim to keep land costs around 10% of your total budget.

Househack a 2-4 unit property.

@Ian McClure Now that is not a bad question.

I see a lot of posts for furnished monthly stays where owners are fretting over utilities and how to ensure a tenant doesn't abuse their being provided.

We love 3rd party software, makes life a breeze!  

Get the AZ rental stabilized with a tenant before buying anything else.

Can you please advise me on how to purchase an out of state home where the owner has a reverse mortgage on it? 

When you have a second, names would be appreciated.