Lending was another challenge, lending restrictions were starting to tighten up, and we had to get a bit creative with our lenders to get the financing we needed to close.

Many now and for many years now have had restrictions on rentals. 

High rates are here for at least the medium-term (1-2 years), so deals will have to pencil in this current environment.You may also want to consider hard money for your lending, as they can often fund your construction with far fewer restrictions than a HomeStyle loan.

So we restricted local landlords who rent to families, and soon the town will experience the very real repercussion of no one wanting to rent to families and professionals.

This restriction limits the number of homes we can build and impacts affordability.If we were approved to develop more 40-50 ft lots, we could build more units and provide a more affordable product. 

In our experience that is what carries the day along with the area and the STR restrictions or lack thereof(a whole other conversation) that deems the valuations.Airbnb and VRBO have thought of this and are way ahead of it, we scaled quickly using these platforms for two high end STR that book out great, once we established that, we created a direct book website and are slowly pulling our repeats from that.

It all depends on location of course. 1 good thing I have going, there is no restrictions there.

Only on the MLS are you restricted to what a seller or agent for the seller have already etched in their mind. 

Any other major syndication site has restricted sold data so it will be incomplete.

With market conditions as they are I don't want to be too restrictive.