If you haven't already, set some goals about what you want to accomplish in your real estate career and real estate investments.

I am currently getting A LOT of quotes and looking to find a contractor/construction individual to help with this project over the summer.

If it helps, it is 15 mins from where the new Chula Vista Bayfront project will be ('they' say it will raise home values). 

But I assume it will be more expensive and harder to find land on city sewer and water.The goal is next year get land and the year after start building. 

Once you can answer all these, and develop a long-term plan, pick a market that accommodates your goals as well as your budget and criteria.

First time new construction project.

I do land entitlement for multifamily projects.

This example of the Raptor RV and marina is a great reminder that it is important to not only have clear business goals, but also to document all expenses and use of assets for the business.

If you can cash flow 550/mo at the low end of your projected rental range, why not?

Just read some actual real life publications of this happening in the San Bernadino County California so this type of project is definitely possible.