Durham is also more complex in nature than Raleigh.Raleigh stands out as the only municipality with Fast-Track ADU plans to streamline the approval process for homeowners.

If BP stands for it, that's their prerogative.

Not to say that you'd pick crappy materials, but contractors with experience have manufacturers and suppliers that they know guarantee their products and that helps them know they can stand behind their work. 

Seems like 130 units is a beast to manage, I'd love to hear about your on-site management systems and "experience management" process to stand out amongst the fierce competition in the smokies. 

One that stands out to me is 1801 E 69th Terrace. 3/2 with similar square footage.

STR stands for short term rental

You make a great point about private lending having a long-standing presence in the real estate investment space, especially for short-term loans.

@Clare Pitcher we do 12+ month leases to avoid vacancies Nov-Feb.If we take over an occupied property, evict or have tenancy-abandon a property, we first let the owner know finding a tenant will take longer than "normal".This opens up owners to understanding they may need to:1) Offer 3D tour and floor plans to stand out2) Price more aggressively or be prepared for aggressive price reductions3) Offer MoveIn Specials:- NOTE: we do NOT recommend offering a month of free rent that can be used at MoveIn.

Two of the biggest players in this space just folded.

I would assume stand alone homes might perform better during that time.