I built my business from the ground up, and over the years, I’ve worked with first-time investors, seasoned pros, and everyone in between.

Time is money, and SB-423 speeds up the permitting process, making it easier to get projects off the ground with reduced delays.Navigating Carlsbad’s ADU RegulationsUnderstanding Carlsbad’s ADU regulations and permitting procedures is essential for successful development.

And addressing my item #1 comment, almost always, when a "distressed" homeowner is approached, they initially are grateful to have the loan brought current, but before long they forget the circumstances they were in and you become the bad guy that stole their house.

Grateful for any knowledge/information!

It’s a great reminder that showing up consistently and putting in the work is what truly builds long-term success—whether in real estate, construction, or any other industry.Your experience proves how valuable it is to gain knowledge from the ground up.

It's not clear in your post how heavy of a lift these entitlements are but assuming value is being created before a shovel enters the ground the initial LP investors will want to be compensated and share in the upside that's been created.

Purchase price: $640,000 Cash invested: $220,000 Purchase price $640,000Got it at this price because there is a non-paying tenant in unit 2 (rent value $3,500), we're in court Rehab $60,000All in cash (rehab plus down payment) $217,500Rehab included ground level basement and 2 parking spot drivewayMonthly cash flow $1,500 ARV $950,000Equity $470,000Refi cash out (August 2024) $150,000 (used to buy new rental)New monthly cash flow breaking even (non-paying tenant still in unit 2)New equity about $200,000

There are a bunch of investors from Calgary who are investing here as they find it more fertile grounds then there local market (So they tell me this)So the take home point is if you want to BRRRR in Winnipeg then you will find amazing deals with buildings that are burnt/plumbing/electrical work needed so you can get exempt from rent control and obtain the cash flow you want.

I may focus on that market since I can hit some people up to be boots on the ground. 

Also, you can possibly take equity out of your current properties instead of taking out a construction/hard money loans.Purchase and Rehab Financing:If you are doing simple purchase and rehab (not ground up), then it's not that hard to qualify and you just need to right broker/program.