Quote from @Jason Bohling: @David M. unless it is with a portfolio lender which most credit unions and many local banks are.

There should be nothing seeing state law has precedence on local laws.the state wants safe units, regardless if they are permitted, to be used to provide housing.  

If you’re looking for multifamily deals in NC, try connecting with local commercial brokers who specialize in multifamily properties—they often have access to off-market deals.

After debating local vs. or OOS, it seems like prudent advice to try to start locally with long term MF in so cal. 

The local/ state etc (governing body) may not just "give you" one.

Quote from @Steve Lehman: @William VreelandAs a local Indy Investor and RE consultant I have been flowing the IHA development closely to see what kind of developments have been happening.

There were about 100 people attending.

In my local market (College Station, TX), high rates in 2024 already caused a big jump in inventory, which created some good buying opportunities.

I live in Flagstaff and work for a local contractor.

I believe in finding a local property property manager in close proximity to my properties.