It has been a very smart strategy for me in my market thus far.  

Smart move to bypass single-family jump straight into multi-unit.

Don’t focus on timing the market as we all know it’s even hard for experts dnd smart investors.

They are all similar lots that I figure I will just take the sum of the 5 lots price and split it by 5 when calculating the cost of the lots.I do not have an LLC but am planning on forming one during the construction of the first home, probably smart to do it before the first home starts but that may not happen due to schedules. 

The dumpster, the permits - all good/very smart - but every day that you're in "renovation mode," is money spent - not earned.  

Losing money only puts you further away from making a profit...and to do that, as a willing, conscious decision, is a decision you will regret down the road.There are no mulligans in REI....and to rationalize it by saying you are learning is not (I'm trying to be nice here) smart in any way. 

.$65 https://www.kickstarter.com/projects/azapps/osiris-the-65-smart-water-monitor#$200 https://www.homedepot.com/p/Streamlabs-Smart-Home-Water-Monitor-UFMT-1000/305141000$500 https://meetflo.com/products/flo-home-water-system/$700https://www.phyn.com/product/$800 https://www.buoy.ai/ (includes install) or $18/m0

, and as long as I am smart with the purchase, I can turn it into an investment property down the road.

Get your smart cap on!

If you are lazy, stupid and/or a slacker, it wont matter..... the issue is really knowing "what/who" you are.......seen plenty of people that are just straight up lazy tout the "college is a waste of time....degree is worthless"...but they aren't out there hustling to do anything else either...... they are just lazy and want to appear smart by not getting "tricked by the man".....