Here are some insights to help you identify suitable locations and maximize your investment:Regulations for short-term rentals (STRs) can vary significantly by city and even by neighborhood.

While the timing favors commuters over visitors, expect heavy traffic on detour routes during these weekends.I hope you’ve enjoy this month’s newsletter.

Perform due diligence, including soil tests, environmental assessments, and surveys to ensure the land is suitable for construction.

., will have an ebb and flow of visitors depending on the current demand.

Fannie Mae's guidelines verbatim are as follows:Must be occupied by the borrower for some portion of the yearMust be suitable for year round occupancyBorrower must have exclusive control over the propertyMust not be rental property or a timeshare arrangement (this has the following disclaimer in the guidelines:  If the lender identifies rental income from the property, the loan is eligible for delivery as a second home as long as the income is not used for qualifying purposes, and all other requirements for second homes are met (including the occupancy requirement above).Cannot be subject to any agreements that give a management firm control over the OCCUPANCY of the propertyThis means that as long as you intend to occupy the property some portion of the year, you could absolutely rent it while you are not using it. 

This could provide more opportunities for investors to find suitable properties for flipping.- Interest rate fluctuations: Mortgage rates are predicted to decline, potentially dropping to around 6% by the end of 2024.

Analyze rental demand, vacancy rates, and property appreciation trends.Property Suitability: Choose a property that will be attractive both as a rental and as your future primary residence.

Investing in New Builds: Considerations and ProcessNew Build Investment Options:Build and Sell (Fix and Flip):Pros: Potential for high profits with modern appeal.Cons: Requires significant upfront investment and market risks.Build and Hold (Long-term Rental):Pros: Attracts quality tenants, potential for higher rental income.Cons: High initial costs, market fluctuations.Process Overview:Market Research: Identify high-demand areas.Land Acquisition: Purchase suitable land.Design and Planning: Work with architects and obtain permits.Construction: Oversee build quality and manage costs.Marketing (Fix and Flip): Highlight new features to attract buyers.Tenant Management (Rental): Implement thorough screening processes.Advice:Educate Yourself: Understand local regulations and market dynamics.Risk Management: Prepare for potential delays and cost overruns.If you have any other questions/just want to discuss feel free to reach out to me directly!

If so I may have a property that would be suitable (off market). 

Networking with experienced investors can provide invaluable insights and guidance specific to your market.Property Search and Due Diligence: Once you're familiar with the market and financing options, start actively searching for suitable duplex properties.