I think the right investor would do 2 units long term one unit short term. this strategy allows you the greatest flexibility. we are also developing an extended stay hotel that's 58 rooms. the size of the average room in that is 216 square feet and rents for a target $80 per night. our development cost per room is 100k per room with hard construction. the smaller you go the more money you make. if I was to suggest anything it would be to focus on the smaller part of the market and on multiple unit dwellings and finding and identifying markets that meet similar numbers. that will probably be midwest markets.

Since you're using a GC, make sure they are properly covered.

Investors can strategically target these areas to secure properties at lower prices, benefiting from economic growth and development trends.

I assume you're going to sell it to a developer, so sell it as is and let them deal with it. 

Hi Kyle - we have two development projects currently in DC.

So, if you’re handling either the buyer’s side or the seller’s side, you’d save around 2-3% on each deal, depending on which side you represent.However, there are a few things to keep in mind:1.Legal & Disclosure Requirements: Even when you’re only handling one side of the deal, you’ll still need to make sure you’re properly licensed and comply with all local real estate laws.

Many, are stacked two or three deep with various newbie wholesalers all trying to get a piece of the action.Find ACTUAL deals, advertise them properly and the buyers will find you!

While more development did happen over the last few years from development projects started in 2021 and 2022 when rates were lower and developers could outlast supply chain issues, the upcoming supply is expected to drop again, as we will discuss later on, with the relatively sharp rise in interest rates that has dried up investment capital due to the fear in the market, sellers opting to hold out on their land and or properties until cap rates and interest rates subside again as is expected in the coming years, as well as banks being cautious to lend on real estate due to this sharp rise putting many projects that were started in 2021 suffer greatly from a 7x increase in rates over the following 40 months that had adjustable rates or 5-year terms which is very common in larger multifamily investing.

Investment Info:

Other commercial investment investment.

This is a mixed-use property with retail, office, commercial, residential, and hospitality use.

(the other reason I'd like to use a servicing company is if someone is late, I don't want to deal with charging late fees, sending proper notices, etc.