If they don't approve the project, all the time and money spent chasing it yields no return.3) Market Risk: The market can change during the entitlement process, which can also work in your favor like it did for many Developers in 2021.That's why knowing your municipality, understanding their processes, and making wise decisions in selecting which projects to pursue are crucial.Success in development requires choosing the right projects that 1) meet your criteria and 2) have a promising path to approval.The good thing is that this risk is compensated by having a higher return.

Team/ Networking -  I'll need all the help I can get with this property. 

I have done fix and flips in Columbus where appreciation is strong, and I own a duplex in Toledo, OH where the price to rent ratio favors housing providers. 

If you’re aiming for 3 months, having a reliable team and the right lenders in place will be crucial to keeping things on track.More about how DSCRs support BRRRR refis: https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...

I know my value in bringing the deal, managing approvals and minor renos and having the team to get this done quickly. 

I actually have a few options for you in Indiana, as I work with a great team there.

Other than that, I'm not sure what to recommend except maybe team up with Lynnbrook for payments outside Airbnb.

Important note, it takes a lot of reps to be self sufficient as an agent so you will want to join a team of active agents that can help you through the process.Please feel free to shoot me a PM if you have any qs - happy to hop on a call to chat you through it!

I work as an acquisitions associate with BPG Holdings, a local real estate investment fund in Alexandria, and also work as a realtor for our fund's brokerage team, assisting clients with investment properties in the D.C. metro area.I've recently created a series of reports focused on the city of Alexandria and its sub-market development prospects, which I believe alongside other macro trends will make the city an amazing buy-and-hold investment for real estate investors.

@Rick Albert   I may get a lot of push back from the team but I split my utilities on my ADU the conventional way....each dwelling has its own meter for water, electric and gas.