I found the house on Zillow and ended up going through an agent.

But by and large I like the construction as the sub trades are far more professional than most any one who is doing rehab work on houses..

Check "flexible" dates for a house with a pool to weed out the condos with shared pools.

@Sebastian AlborsIn my experience, buying a single-family home (SFH) in Asheville and house hacking with a family member like your brother can be a smart way to balance costs.

These are multiple assets of all sorts of things, retail, houses, condos, office. 

Once you are on site you can decide if your $20K should be used as a downpayment on a double to house hack (to stop renting), a single to just stop renting, or a single to lease out.

To answer your question condos are better if they allow it but if you want to hop right in it with less risk I would go for a house or multi family deal.

I myself have been trying to find a property in that area to house hack since I moved here for a job.Is there no provision in the lease agreement for land renewal?

I have 2 options:- finance the construction pre-selling the apt, and take my profits (expected to be around 700K pre-tax); or- finance the construction with a 6-7%/year loan (collateral = my house), keep the 10 units, and once the building is completed in 24 months, rent them for circa 180K/ year gross.

@Erin Colbert You would need to be living somewhere, and you would need to sign the deed restriction.You can live on the couch and rent out all the rooms in all the ADUs and JADUs you wanted - as long as you sign the Deed Restriction for owner occupancy, as well as that would go along with the sale, so you could not sell to investor just renting out the house