This equity is going to be the base of further investing for financing.2 - As part of the new house build, we had to buy an adjacent lot (great price, mountain views, owned outright).

lower the size of your unit and therefore your build cost per unit, your sale price will go down but focus on density and get familiar with zoning and what your city will approve. my best suggestion is to do it in downtown districts where there is unlimited height and unlimited floor area and you can build every square inch of the property and reduce parking because of proximity to transit. property values are higher, rents are higher in downtown markets, there are just too many economies of scale compared to suburban deals.

I guess I'll start by sharing a bit of myself and how I got here.A few years ago, I saw a listing for a 4 plex in a nice part of a city in the CA Bay Area and thought, that would be so great if I could live there and collect rent to help pay off the mortgage (it was even listed for a reasonable price, though I'm sure there was a bidding war for the final sales price).

I found a really good electrical/plumbing contractor that is handling everything for a reasonable price. 

I also looked into getting it separate meters but it was outrageously priced. 

Many investors from California are choosing to invest in the Midwest because of the low barrier to entry and yearly cash returns making more sense in these lower priced markets.

New to BP forums but I've leased Section 8 properties here in Marion county (Indianapolis) for 8+ years. I’ve seen this exact document get updated several times but this is a first! You can buy a single family or du...

But, there are risks like changing market prices, issues with taking care of properties, and money problems.

If you sell them as individuals you'll likely get a higher price but you will be then doing multiple 1031 exchanges. 

It is now worth more, in this case, so if you buy the property today on the MLS you pay today's price and get 7.75% interest on a 30 year loan.