@Greg Dickerson I appreciate your answer - I’m honestly not attracted to or interested in wholesaling.

Economy of scale is what attracted me to multi-family.

Either a very sought after price of land, a significant discount, very attractive owner finance or participation or all of the entitlements in place so the project shovel ready.

I’m wondering if anyone has knowledge about this area and if any developments are planned, which could make this a more attractive investment?

Thanks for keeping this place clean and attractive to tourists passing through.

I'm looking for something that is attractive, durable (future rental property) and not going to break the budget.

The PM needs to manage the property and oversee tenant engagement and compliance - but you need to control the wallet. 

First step I'd take is to figure out if he has a reasonable price expectation, and what an attractive price would be for the property. 

My prices published on my website. https://www.virginiabeachpropertymanagementinc.net/pricingThe reason it is hard to convince a PM to offer a discount for volume, is that most volume owners own low income housing, which is significantly more work to manage than a property owned by an accidental landlord that tends to be in a much nicer neighborhood, with a house in much better condition, which attracts a much stronger tenant.

Still learning about this area... how to attract good tenants... it's been a learning experience :)