When I met with my builder and explained I had 250k, he laughed and said we're looking more in the addition spectrum, turning the home into a 2b/2b. and that's it.

Dress well, don't drink, and ask for help.If you don't have a car, start with nearby professionals: realtors, builders, general contractors, tradesmen, handymen, and hobbyists.

Hey CJ,A large part of the problem is finding land that is zoned for multi-family housing/finding a builder willing to stop making crazy money building single families to transition.I will send you a PM with another idea!

That gives you a couple months leeway for builder issues. 

(There is new construction going on in some of these neighborhoods, but that's largely due to the City's new incentives for builders to build in these neighborhoods.

Builders are building SFH that are way out of price range for typical renters.

@Deniz EkerConstruction to perm loans are good for a few reasons:they're paid out in draws so you only pay on money borrowedthey fund the construction so you don't have tothere are some out there that only have one closing, saving you moneythey allow the flexibility of building on your lot, the builder's lot or purchasing the lot with the first drawyou control the draw so if a sub skips town before they're finished, they don't get paidback to one closing. 

The main issue is the cabinetry in all units was builder grade and is falling apart.

Now that I have priced everything with contractors, pool builders, etc.

Hi Manas, I have my own QOF and have been acquiring new construction properties located in QOZ areas from the builder.