I’m primarily starting with wholesaling as a way to get my foot in the door of real estate and probate definitely seems to be a route I’d like to explore.

Thanks for all the helpful information guys, this definitely helps me get started on the right foot!

Purchase price: $175,000 Cash invested: $50,000Duplex, 1,800 square foot located in bradenton FL, good working class area very easy to rent with expected appreciation and high rents.

Cost of Multifamily ConstructionFrom Fannie Mae (inquire for packet)According to Fannie Mae, new apartment construction costs on a 1-3 story apartment building have gone from the national average of $148 per square foot in 2013 to $192 per square foot in 2017.

I just found out from an architect that the land has enough square footage (properly zoned) to build (2) single-family houses with a little over 2500 square foot and/or (1) two-family house with a little over 4500 square foot. 

That's what it will be based on.Note that price per square foot and cap rate are not included in the list. 

I suspect in apts.. your just spreading that through a lot of doors.. same sq foot may be two apartments or if its a two level the roof is covering 4 doors not one.. etc.

Originally posted by @Devin Arnold:Thanks Joe That's the 30k foot view though.

Then it' s around $250 a foot to build, can be $500 a foot

 I recently bought my second rental property which was a foreclosure which I only payed 3,620 for and is around 1550 square foot which it did require a lot of work but I used some leverage, I have a HELOC on my first rental property which is paid for and I had use about 42,000 of my HELOC and around 25,000 out my own pocket to complete the house so all in I’m around 65,000 and the ARV on the home is around 100,000- 105,000 and the house will rent for about 1,150 a month taxes will be about 900/year and insurance around 1700/year.