I wish you a happier life brother, sometimes the bigger picture is worth paying attention to 

Really, though the cost per unit on construction is high. 

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If you cash out 100% of your funds, you are most likely not going to cash flow with how high the rate would be. 

Hey @Erick Ayapana, I'd highly recommend screening tenants with background check and having a lease reviewed by a lawyer.

My DTI is pretty high but I was going to try a DSCR loan w creative financing, To delay bigger payments until I get the tennants out.

Namely high prices compared to returns in multifamily and also high interest rates. 

The lot is steep and we had an architectural engineer outline how the cost to remove boulders and build up high (where there would be a better view) would be quite substantial but building lower by the road was more feasible.

Your feedback is highly appreciated.

When acquiring a building it's highly advisable to obtain the seller's financials so you can assign real, rather than wholly arbitrary and irrelevant numbers to your forecasting.