This is just markets behaving normally, Austin was my first target two years ago once I got wind of the permitting and homebuilding we saw the long coming in and whether it was 2,3 or 4 years the entry point was way in front of us.I don't know if anyone gets "use to" 7% rates without home prices behaving and/or wages responding appropriately.

"Limited supply due to tough zoning and restrictive permitting process, high construction costs, and expensive dirt, and population increases (guess AI hasn't gotten the memo that population has actually decreased)". 

and I think there are several remedies to resolve this - and the developer and the city's business/permitting services both have liability here. 

What I did find is that as a builder in eastern tennessee, I could build STR cabins for less than 70% LTV so that I could effectively BRRR my way into growth without coming out of pocket for a down payment.Now it does take a lot more cash to do because as a builder I have to front a lot of money at times (land, permits, each stage of construction while I'm waiting on the draw). 

But I know I have all the legal side set up LLC, Business Checking account, Business Credit card, and getting my permit for STR since you need one in Alexandria VA.I just find it really hard to message landlord/apartment complexes/management companies since I'm very experienced and was wondering if anyone could give me advice on what to say and how to go about pitching my business model to landlords.Right now what I email them is along the lines of "I hope this email finds you well.

Quote from @Galant Ant: Permit delays in NY can derail timelines and budgets for developers and flippers.

@Michael Dumler Finishing up permitting. this is ground up new construction

Stay up to date on all licenses and permits that may be required. 

Quote from @Galant Ant: Permit delays in NY can derail timelines and budgets for developers and flippers.

One my friends just got done dealing with Greenfield and a multiple lot  re-zoning and permits for new builds.