Is it possible to fix a soft spot without having to re-do the whole room?

Soft cost, carry cost, offsite and fees/.2 = 10,000,000 Total Build Cost 40 pads= 250k per pad Cost [250k/$150 per square ft = 1666 sqft per unit] 250k per pad x 20% = 50k for land ready to build. 

Quote from @Account Closed: Hey guys,I have no experience but after looking at all my options I have come to a conclusion that my best move is to buy land and develop multi-family apartment building (15-20 unit) 2 story somewhere between Miami Jupiter.Budget for everything 3MDone with cash + 6% line of creditLooking for long term holdI would love to hear any insight on what areas I should look at, ballpark of build price (hard costs and soft costs) and would love to network with anyone in the area on this.ThanksIf you're looking to develop a 15-20 unit multifamily building with a $3M budget between Miami and Jupiter, there are a few key things to consider:Land Budget: Aim to keep land costs around 10% of your total budget.

It has IHDA soft loans in place that I may assume at acquisition.I'd love to talk to anyone with LIHTC experience in Illinois.  

They typically do a soft pull close to the closing date to ensure there are no new debts or significant changes in your credit profile.

I also reduced a lot of the soft expenses (office, accounting/legal).

Soft Costs and Professional Fees - Could you share insights on budgeting for architects, engineers, project managers, and legal fees?

Develop an extensive email list of “interested parties” and periodically contact them with “soft advertising”.4.

Sixteen homes to inspect- roofs, hot water tanks, soft floors, siding damage, decks, porches, furnaces. 

Your 'cost' should include everything, from land purchase, soft costs, holding costs, and hard costs.