Now, with the ADU rules, developers are buying anything close with some extra space so there may only be scraps left that wouldn't pass FHA or would price you out.

Many investors learned a hard lesson when the STR market took a hit initially during COVID.Until the shared living space concept matures, it's probably premature to skip the above investment evolution.

They don't cover parking spaces.

—it’s also about reliability, attention to detail, and someone who just “gets” your space and your guests’ expectations.Do you have any hidden gems, local recommendations, or tips to share?

Our industrial and commercial spaces have been much more lenient, but it needs to come into residential as well. 

When I got into the STR space in 2015, I needed my daughter to be available on a full ti e basis as PM.  

Mind you, I pulled out of the lending space back in '20.

As you can guess, I’ve been in this space for a long time, coaching and investing, and I would be happy to help if there’s anything I can do to support you, just let me know!

V/r,Elias

Address Your Financial ProfileBridge the Revenue Gap: Highlight your equity in the duplex and use your sale proceeds to demonstrate “skin in the game.”Partner to Compensate Experience: A financially strong and experienced partner can help offset your limited track record.Focus on the Land Deal: Secure the land at a good price, as it’s a crucial step in gaining credibility and attracting partners.Final ThoughtsYou’re entering an exciting and impactful space in real estate development.