The fastest I have seen builders go from the very beginning phases to completion is about 9 months.

I am going through a due diligence phase right now as well. 1.

I have extensive experience in all phases of residential and commercial construction and maintenance.

Hello All,My husband and I are BRAND NEW to the investing arena and have been in our education phase tip toeing around the hot lava that is "analysis paralysis".We are considering taking the plunge and opting for the "house hack option" in a du, tri, or fourplex so that we can "live for free" and spend extra money on advertising (we are very attracted to the seller financing option) or saving money for some down payments on "flips" trying to get some capital coming in for our end goal of buy and holds.

Jack, Apart of the due diligence phase of evaluating an opportunity is financing.

Since the build-out is still in the design phase i can make changes, but was planning to create a higher end space (with finishes/appliances/furnishings, etc) that could justify a slightly higher rate.  

I feel like Californias in the upper end of the recovery phase, how much farther can it go--who knows.

The other challenge/issue would be the other current long term tenants that reside at these multi family properties during the "test" phase as I am sure they wouldn't be thrilled with new neighbors daily but I suppose that's a separate issue.

For this reason, they'll take into account your experience with this size of a development.For what it's worth, I'd recommend splitting your project into multiple phases. 

Under this exemption, securities could be sold to an unlimited number of "accredited investors" and up to 35 "unaccredited investors".[5]The Rule 505 exemption was phased out and its provisions integrated into the Rule 504 exemption.