If you rent spaces to others, local regulations may require work to be permitted sometimes even retroactively permit un-permitted work.2.

opens up a lot more markets and opportunities. you can build a 400 square foot unit or 4 of them or 3 of them or any size unit you want on any lot. 

Structuring the deal properly (like through a land trust) can reduce this risk.Your best bet is to connect with an Illinois investor who has successfully done sub-to deals or find a local real estate attorney who specializes in creative finance.

Local Banks & Credit UnionsSmaller banks and credit unions are more flexible than big lenders and might approve you with:✔ A detailed project plan✔ A licensed subcontractor network✔ Proof of rental income history (since you own rentals)4.

I suspect you are in a much more affluent market than I am.

Thank you deeply 🙏The video is below.You have to remember, Diego started investing when the market had ideal conditions for investors.

As far as meetups go, you can find a lot of local events posted here on BiggerPockets: https://www.biggerpockets.com/forums/521-real-estate-events-...I also have a list of Chicago meetups that I can share with you as well.

Definitely recommend checking out local REI meetups in Boston now and Chicago later—tons of value in connecting with local investors.

What we found was only one other person contracted under $200 per square foot for clients and they also built within the city of columbus. the numbers have a much higher premium the closer you get to downtown. if you can't get the numbers to work my recommendation would be to get closer to downtown. we do build to rent development and single family home development and every line item is broken out. on the triples we have to build exterior staircases etc there are some things you can't really understand unless you build a lot. hope that helps but no one is going to build you for 110 a square foot. the lowest cost homes in our market at cost without a profit barely dip into 140 a square and we are in one of the cheapest construction markets and states in the country. 

We're also seeking to buy a local (Raleigh / Durham) property management company to expand that business more rapidly.