I recently closed on a commercial condo unit (for retail), which is one unit in a building that also has 7 apartments. 

Hoping for $325,000 for the build (budgeting for $400,000 with overages).

I had been discussing this property with the owner for a while and saw its potential—distressed but with strong fundamentals and built-in equity.The deal was a great opportunity to apply creative financing, secure a property with minimal upfront capital, and build long-term cash flow.

The expert you are looking for is called a Land Surveyor, they're going to want 5k-15k, if you want to make any money on your project you need to build a house so you also need an architect, they will want 10k-50k, if you're in a hillside zone you will also need a geologist, they're going to want 10k, you will also need a biologist, they're going to want 2k-5k.

Build your network by joining local real estate investor meetups or online communities like BiggerPockets.

Much of the negotiations during due dilligence depend on demand for that specific property- hopefully your agent has build leverage in to your contract that they can use to help you with this piece. 

Build your knowledge with books, podcasts, and online resources, and network through local REIA meetings and virtual platforms.

Finding a potential lot won’t be hard but getting a local municipality to give you the green light to build an MHP is going to be next to impossible.

Hello Justin,  I want to start with multi-family buildings with 5-9 units max.

I am a district manager with a company called Build 2 rent, and i live in Cape Coral.