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. 

I have a clear goal tenant in mind, and pay close attention to the trends and lifestyle amenities that'll help us get to the top of the market from finish aesthetics to secure bike storage. 

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

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

I understand for cost and aesthetic reasons railings may have been skipped.

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.