Really depends on the goals.

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.

How long that takes and the exact steps depend on the state.

Does the effectiveness of each vary by location?

As pointed out, the loan fees and such are usually rolled into the loan meaning you are paying interest on more than just the principal of your home at that point. 

With the requirement to disclose this, how do you advertise and create social media posts?

Quote from @Pat Arneson:Usually, the city website has all the utility companies for the city that you should be contacting.

Please don’t hesitate to reach out!

The transaction took over 3 months for a bridge loan just to be declined.

The market is saturated if you don’t have the creativity to look beyond the top dozen or so markets.