I was thinking of selling, then buying a property to build on, while investing else where, but Im just wanting to get opinions from what other people think of the situation and how it compares to the whole market entirely. 

Have you looked at new build incentives and renting by the room? 

Purchase price: $1,900,000 Cash invested: $2,450,000 The building, “36 South,” is conveniently located next to the Sea Pines Circle and is now home to 48 employees for the Sea Pines Resort.

Now I am leaning towards buying land to build within the inner loop and sell.

Seeing a rent roll, and T-12 or T-24 would be helpful to understand the true Profit of the building.- Although there is no vacancy now, I'd want to see the leases they currently have, especially the commercial lease. 

The first 2 things you want to build is your REPUTATION and RELATIONSHIPS.

What do you consider a small apartment building 4 units or 20 units?  

I have a plan to buy 1 rental property for every 5 builds that we do.

Again, that's my opinion, but then layer in the fact that builders are building at a pace that is far less than necessary to keep up with new families and homes.

Additionally, the latest trend in new construction involves building properties specifically to rent.