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I'm looking for multi family property in the Tyler Texas area and not having much success. There's just not much available. We were thinking about buying some land and developing a series of duplexes. Has anyone done this?  And would you advise it?  

I think there is a 24 months window or so for this opportunity.  I think in most markets its probably a good call but act fast.  The entitlement process may push you into some rocky waters.  I would be conservative with leverage but overall....I am looking to do a similar project in addition to Spec Homes.