Can you scale it up and out? 

With the cost of construction that you mentioned, it doesn't seem feasible to make affordable housing in most markets.MF in Portland these days are all up scale and cost 400 a foot to build.. and rent for about 2 to 2500 per 1K sq ft. govmit wants affordable housing they need to open up the tax credit vaults.. also in this market  a new ordinance pass requiring a certain amount of low income units per project there was a rush to get projects through before the ordinance and since that time new projects have dried up to a trickle. 

Ultimately hotels have scale which will always give them an advantage.

That of course, is if the goal is to scale as quickly as possible which is generally true for BRRRR strategists. 

I used to work in a high end neighborhood in la and used to be in and out of a very large, up scale, expensive apartment complex day in, day out.

It just seems to fit my needs better given the ability to scale it faster.

It's probably also important to consider your long term vision -- is this a location that is viable for you to scale and build out a portfolio.  

It's much easier to grow and scale that way.

We are working on scaling our flipping business currently and I’m working on building my buy and hold portfolio as well with some multifamily units.

Real Estate investing is what we're doing now, on a small scale, and we will continue to save and build on the one property and hopefully amass a little empire in the coming years.