- The inspectors aren't stupid and will see that everything is brand new and then research for permits.Also can't think how you can make this profitable.

I'm not thinking of 'scaling' my business by becoming a 'passive investor' in someone else's business.

Major brands like Ritz Carlton and Waldorf Astoria are currently developing property there, where they have traditionally developed in Miami, Fort Laud, and Palm Beach. 

Quote from @Francisco Solano: I suggest you ask a business attorney in your state for this basic template.

The Simplified REI brand (you can find it on facebook or BP) are some really good meetups.

I am a professional photographer and have been doing that for the past 18 years, so I'll also be building my business in NC from the ground up!

Now I own a thriving property management business, run a real estate team helping other investors learn how to grow and scale their portfolios, I have my own modest investment portfolio and have two development projects going at the moment.

In addition to a voucher, we require that the tenant be able to show income at least 1.5 time the monthly rent, as opposed to our regular tenants who must show 3.5 time monthly rent.Thank you for your input.In your opinion, using vast generalizations, is the additional risk managable for a brand new investor? 

So yes, it's about knowing your business and being very specialized. 

However, Minoan doesn't have an efficient business model.