You will need to do your due diligence on the area before dumping a lot of money into a new build. 

Ask around & you would be surprised how many off-market opportunities come from casual conversations.Running targeted marketing campaigns is another effective strategy.

Quote from @James McGovern: Are there any succes stories of someone building an entire community using Boxable? 

There is a very popular inspector in Arizona that posts a tonnnn of content online about multiple new construction builds, that most of the time they builders/construction company had a ton of issues with cutting corners, not checking over their contractors work & delivering a "new quality product."

I have the building under contract for what I think is a good price. 

If you're eyeing out-of-state deals, start by building a trusted team (agent, property manager, contractor) through referrals and investor forums before buying.

When it comes to building your team it comes down to your own due diligence, which sounds like won’t be a problem for you!

I am with at @Micah White and second Chicago for multi-family investing.Very Very important to have the right team here, but the opportunities are abundant.Out of curiosity, what type of 6-figure business did you build? 

My wife, Kelly, is a real estate broker here in the DeLand area and we specialize in helping clients find the best opportunities for building, selling, or renting properties.

house hacking is a powerful way to build wealth.