Interest rates are pretty universal across country, you are in a high demand, high cost area.  

U will never hit the numbers ever in renovations as there is no way to know the unknown.. just make sure there is plenty of margin above you all in price and cost of capital. 

The Highway 64 property presented a great opportunity due to its low acquisition cost and potential for substantial value increase.

Raleigh specifically has introduced “Fast-Track Plans” designed to streamline permitting to build ADUs faster and more cost-effectively.

Zandi said the added cost would be even greater for Americans with lower incomes or credit scores."

If the trade value of an old shopping mall is less than the build cost of a new storage space or warehouse, then it doesn't make sense to build a new storage space or warehouse, just buy an old shopping center.

There is a company names Hemlane that offers that "light PM" service that may be interesting for you instead of a full blow PM company that may cost 7-10% of revenues.

If you discovered the issue before paying for the appraisal that could hopefully save some costs (in case the appraiser is with the wrong AMC).Pre-vetting with the lender on rental history/AIRbnb/1007 as well as seasoning could help. 

I can't imagine flying out there for a day or two with a hotel can cost you $10K.Flying out there is like you paying for an insurance. 

Or maybe the units aren't equal and one rents for $2800 covering most of the cost of living there.