To keep things simple let's value the building on a 1% basis.

I have a need for several clients for the nw builds we are doing.

Purchase price: $1,900,000 Cash invested: $2,450,000 The building, “36 South,” is conveniently located next to the Sea Pines Circle and is now home to 48 employees for the Sea Pines Resort.

Now I am leaning towards buying land to build within the inner loop and sell.

The door in question is the front door which is the only entrance to the building for all the tenants.  

Seeing a rent roll, and T-12 or T-24 would be helpful to understand the true Profit of the building.- Although there is no vacancy now, I'd want to see the leases they currently have, especially the commercial lease. 

The first 2 things you want to build is your REPUTATION and RELATIONSHIPS.

Again, that's my opinion, but then layer in the fact that builders are building at a pace that is far less than necessary to keep up with new families and homes.

What do you consider a small apartment building 4 units or 20 units?  

I have a plan to buy 1 rental property for every 5 builds that we do.