My future goals are to have multifamily rentals and residential developments.  

If we will Be eventually raising money via private placement in the future, will I need to take the series 24?

Maybe your market is different but in the national markets I've worked in over the last 25 years, it's not the first and best option.What I've seen more often is that even when it starts out great, the reality eventually sets in, and tension starts to grow, when they go from being the stewards of their own castle, to the stewards of someone else's castle.I'm happy for you that your experiences were different.

Eventually, someone is going to want to sell to an end buyer getting a loan and guess what ....there is going to be an issue.  

Is the commercial training as well developed as the residential side?

Once you develop an appropriate cash reserve it can be adjusted.You did not explain about the 10% down payment.  

Eventually after 5 years or so I will rent both units out with the main unit bringing in 1800 currently in rent to total 2450. 

when Joe Montana left SF for  KC  real estate doubled in SF and he came back and turned into a vintner and uber developer.. 

Hello, I am an architect in NY and I am taking a leap into developing my first project which ideally is a distressed single family house in Westchester County, NY.

I will need to pay off the existing mortgage ($451k) with a construction loan; at most I can put in $180k toward the build but not sure if that is wise to put so much of my own money in.So far my best option seems to be to partner up with an experienced developer/builder who can put down cash towards the construction downpayment *and* qualify for a bank construction loan.