Another approach would be to use a construction loan. 

In 2023, auto were up ~34% in 2023.Personal Anecdote: I just exited my last property investment in DC in the fall - a large renovated, yet typical, DC row-house I was renting out.

That seem like an amazing rent to value ratio (2.5%), typical ratios I'm see in the Capital Area around 1-1.5%. 

I'm in the construction process with 3 houses in Cape Coral, FL.

The nice thing about this is: owner occupied financing, typically going to cash flow better than SFRs, 3-4 tenants, so it is less likely to be all or nothing when one tenant moves out, and you have a place to live, so you are not only collecting rental income, but also saving having to pay rent yourself.I listed the upsides, but there are downsides to both too.  4 family - 3-4 tenants to manage (could be nothing or could be a lot), more wear and tear on units.  

The result is a very upscale feel compared to other comparable price points typically.

If you are developing typical multifamily banks are more excited about them than a MHP.2.

Getting started in multifamily new construction in the Charlotte, NC area.

But I invest non-qualified funds also, so I was interested in how/where the terms typically vary between recourse and non-recourse.   

Is that typical fees?