I can guarantee you Fed Chair Jerome Powell took a deep sigh when he heard about this proposal from the Administration.

Great post - I have several inquiries for clients with the desire to own coastal STR's and just noticed the red tape is suffocating when I would dive into listed opportunities and feasibility with the municipalities. 

Quote from @George Red: I echo what @Jon K. said... if you're still interested after doing some additional due diligence, try starting with 1-3 as opposed to jumping into 10.

It does require excavating an alley 8ft deep, hydrojet line, backfill and bed pipe, compaction test, etc.

It's important to understand their reputation in the industry and the market, as well as any potential risks or red flags.Knowing your client's objective is also crucial.

This is an immediate red flag.

Applicants offering to pay extra are a red flag.

I have sold homes to Habitat to Humans  these were fixers I foreclosed on and were sold at very low prices in the deep south.Out our way the land I see habitat buy is developable premium sites just like any other developer would buy..

I was looking at Nashville and some suburbs outside of Nashville about 2 years ago,  but it seems like the time for those spots passed by.Ill check out Milwaukee, never heard that suggested before. appreciate the info  If you want to know the next market seriously go deep into Redfin's data.

Did you get red tagged?