Just to contribute something of my own to the discussion, here's a few books I've been reading:- Mastering the Market Cycle by Howard Marks- Against the Gods: The Remarkable Story of Risk by Peter BernsteinLike some of the other recommendations, they're not real estate specific, but I'm finding that getting a broad understanding of financial history is helping me find my footing in the multifamily world. 

My family and I are currently living rent free at my wife's family's homestead, to by some time to regain footing for our new lives reset. 

After this is all done, you can take that estimate from what they gave you on the couple of homes, use a formal to get the price per square foot on the estimates then use that price per square foot model on every house you see you will put an offer in on.

Some background about me is that I am 22 years old looking to get my foot in the door into real estate investing.

You can think of it as a cost per squre foot.

@Steven SilbertI’m doing one now on a small 1300 square foot SFH.

Run up against a potential opportunity to finish out a subdivision. There is about 1,000 lineal feet of water and sewer lines to be run, electric to be dragged (along with additional transformers installed), curb/gutt...

Are we shooting ourselves in the foot if we get into a 350,000-400,000 mortgage?

Thus if I say a 10 x 20 “Foot, not meter” unit is $120, then yours would be around $40.

The estate offers a world of its own with two homes that combine for more than 18,000 square feet, as well as a 3,400-square-foot recreation center, two-hole golf course, tennis court, basketball court, infinity-edge pool and cabana set among vineyards and fruit trees.