I do know of some folks that are developing communities of fourplexes in fast growing suburbs. 

Its going through a lot of development, and flip prices are definitely starting to go up, the problem is most of the properties were built as 2bd properties, so you would have to add a 3rd bd in the basement and a lot of the properties are not dug out and underpinned in the basement. 

I live with my wife and 2.5 children (there's one in development!)

It is critical to develop an intimate connection with your market, get to know every town and sub market.

And I realize there are some major forces at play in massive development projects that are the basis for these stats of less apartments. 

I have a lot attached to my home that he and I would like to work together on developing. 

If anything Michael will develop a good reputation in the community and people will want to rent from him, a fair and just landlord.

A friend of mine started this way where he rented 6 units to students near a university, while he lived in a small studio!

I am putting together a comprehensive package for developers that shows the potential for both commercial retail (since most major grocery stores, restaurants, mall, Hospital, attractions are 12 to 21 miles away (the airport is 6 or 7 miles away) and subdivision as the land has plenty of frontage and is on county water.   

Hey BP,I'm a software developer working for "Big Tech" here in San Francisco.