In order to have this approved as a 3rd unit we will need the city to come out with a building inspector - who will outline everything we need to get this approved.

When you said  "New Construction" I was assuming, wrongly" that you meant buying a newly constructed home and perhaps thinking you were getting some kind of bargain that created equity. 

Another key change is making sure your contractor actually sticks to completion deadlines...why, because of how extremely tedious permit inspectors are getting in some cities, which can slow progress in and of itself.

Determine if the area can support new construction.

If you are following the rules then everything should be OK.This is no different than a health inspector visiting a restaurant.

We have chosen one municipality to do Section 8 due to the relationship we have established with the director, case workers, and inspectors.

New construction can offer many incentives for interest rate buy downs.

This means finding reliable contractors, inspectors, and, if necessary, real estate agents who understand the flipping process.

My best piece of advice is find the most nit picky building inspector you can.

Thank you  The good GCs charge 20% but this does not equate to your savings because the GC will have better contacts, have namer experience coordinating contractors, be more familiar with permit process and expectations of the inspectors.