These regulations are designed to protect the environment and ensure that development is carried out in a sustainable manner.Social Factors to Consider When Choosing a LocationThere are several social factors to consider when choosing a location for real estate investment.

The hotel is going to make all of the money by design.

Through experience, and depending on the municipality, you will learn to determine what you will need to pull permits and what work you can get away with without permits. also for us that understand how it work :quality permitted work = quality of unpermitted worksubcons are happier doing more unpermitted work because they got more moneythe lesser number of generalist in fixing home, the cheaper the project would be , no need to rush a project.when specialist is needed, that's usually needed in more 'advance' case (like removing the entire plumbing).so in reality , permitted work is just giving more commision dollar the gov and to the GC (that actually only inspecting the work and may design the work, but not really do the actual project) , so easy project unless it's an addition, getting permitted work almost doesn't make sense especially in the country where local gov does not care about it so much. 

@Mindy Jensen - I tracked down the dirty varmint, but there’s no need to murder him, as he died for his awful deed many years ago.Jean-Michel PapillonIn 1675, a Frenchman and engraver named Jean-Michel Papillon made the first repeating designs that matched on both sides.

Please note the information below is a layman's definition designed to provide a basic understanding for the general audience.

So why in the world Fannie Mae designated 100k as median , maybe the purpose is to create more low income group in the area ?

Networking with contractors and architects for design and execution.

Make sure you find a really talented and qualified designer with original ideas.

Design the layout of the project and budget.

You need to have criteria designed to protect your money, and a reliable method of determining value.In my opinion, appraisals are not necessarily a reliable method of determining value, so staying within your own market area to start with can also protect your capital because it's easier to know value next door than across the country.