A day of action is worth more than a year of planning.Of course, self-educate yourself on real estate investing to minimize costly mistakes but understand that you don't need to know everything (it's impossible anyway).

In reality appreciation is nearly impossible to predict. 

I would not do that - it will be just about impossible to make money after servicing all that debt.  

To be honest 90-150 days to review and approve a 150 unit project is nearly impossible given the standards in place and the requirements in order to meet regulatory guidelines. 

Look, it is fundamentally impossible for Elon to be any form of a "con-man".

That question is nearly impossible to answer without knowing what your goals are?

So just understand you have a ton of risk that is perhaps impossible to minimize.#2 I don't see much infill development right now with townhome type projects. 

While not impossible, it's not ideal, is this what you think they would offer?

Don't forget to include how you are going to force those without insurance, or who don't want to spend the insurance money, on clean up.Then there's the question of refusing to spend tax dollars on protecting houses impossible to protect, but that's for another day.

Quote from @Arman Ahmed: @William CoetWilliam, Finding a 5% interest rate for a 5-10 unit multifamily property in today’s market is tough, but not impossible, depending on the lender and loan type.