One piece of advice I would have would be to consider utilizing HELOCs against the property's value.

Hi All,We are planning on purchasing a piece of land in Lubbock Texas to build a a multifamily property.

I'm working on getting my first piece of property and am now looking in Buffalo, NY which is ~6 hour drive from where I live.

Put some cargo containers on a piece of land .  

I wrote a long piece a while back you might find helpful: https://www.biggerpockets.com/blog/due-diligence-ultimate-gu...Good luck!

That is the most common piece of advice I have received.  

My #1 piece of advice is to make sure you gather true apples to apples bids, that account for the entire scope of the project.

It is one piece vinyl, but there are yellow color marks sip through .

Depreciation is an expense that you take "on paper" each year you own a piece of investment property.

Thanks for all the feedback thus far.One piece of information that impacts a lot of this - this is a condo in a larger building and the HOA doesn't allow leases under 1 year including MTM so we can't implement that strategy but keeping leases to a year makes sense.