Hello everyone,I’m currently exploring opportunities in new construction projects in North and South Carolina and would greatly appreciate any insights or resources you might be able to share.Specifically, I’m interested in:Key areas with high demand for new constructionBest practices for navigating local regulations and permitting processesRecommendations for reliable contractors and suppliers in the regionAny recent market trends or data that could inform my investment strategyThank you in advance for your assistance.

While not in TN specifically, I have assisted clients do as you have described: live in a property as a principal residence for 2 years, rent it out for 3 years, then sell.Based on the situation described, you would appear to be eligible for the MFJ joint exclusion on principle residence on your 90% share.However, in order to retain that ability, the house will very likely need to be sold (ie, sale closed, not just under contract) by the end of this month. 

I can assist you with your specific needs, let's connect and see how I can help.

I am seeking reliable data and cannot solely rely on platforms like Zillow for this information.Thank you for any assistance you can provide.

I'm currently a senior in college and am on track to graduate with a bachelors in facility management this upcoming spring.

Happy to connect and assist you in your real estate investing journey.Happy to connect if you are interested to expand your portfolio@Carlos Valencia @Albert Bui

Then I would say that the main challenge for you will be finding trustworthy, experienced operators who are going to give you repeat business and who have a track record of successful project executions. 

We are over 20 experienced CPAs active in these forums, many of whom specialize in assisting real estate investors like yourself.

When financing a large-scale fix-and-flip project, assessing and managing risk is crucial for success.Risk Management StrategiesContingency Budgeting:Set aside a contingency fund (typically 10-20% of renovation costs) for unexpected expenses.Time Management:Develop a detailed project timeline to keep renovations on track and avoid extended holding costs.Partnerships:Collaborate with experienced contractors and real estate agents to mitigate risks associated with repairs and market positioning.Insurance:Obtain comprehensive insurance coverage, including builder’s risk insurance and general liability insurance, to protect against unforeseen events.Exit Strategy:Always have an exit strategy.

Most engine lubricants contain lead and if handled improperly can contaminate the soil and thus allow lead to be tracked into the home.