Quote from @Scott E.:
I've looked at doing this in Northern Arizona as well. The biggest challenges I found were:
1. Financing - I couldn't find a lender who would finance a development deal like this.
2. Zoning - A lot of areas up north have minimum square footage requirements, and also require site built homes (so no prefab allowed).
3. Construction - You didn't mention exactly where you would like to build. But getting crews to a remote location is going to be a challenge, and ultimately means you will be paying more per square foot to build compared to in the city.
Looking forward to others responses to see how these challenges can be overcome.
Sounds like we could do a small mastermind about it, Scott! I’ve definitely made some progress on all 3 elements you addressed and have found a few areas that might have the leeway to let it happen. The financing is tricky as you mentioned for sure. Actually, Sedona city code for example is not as restrictive as you’d think. The restrictions have come from the HOAs and deeded restrictions. So there’s also a lot of that going on in some of the more desirable areas in Coconino and Yavapai, at least. I’m yet to start investigating Prescott, Chino Valley, or Payson areas.
