I would just be careful hopping back in now as interest rates and low inventory are making it very difficult if you aren't finding your own off-market options to buy.

Is it best to approach an architect or a land developer for what I am proposing?

Going DIY and self-managing this type of asset from another state may not be an easy task for such a building and neighborhood, it needs more attention (and probably capital).Try an unconventional approach.

With the right renovations, we saw it as an ideal project to maximize returns in a growing market, especially with our experienced partner, Seth Choate, by our side.

What are some other emerging markets maybe with a bit lower to cost to entry for a BRRRR strategy?

Then if/when another good deal comes up, you can approach a lender and look at leveraging either of the properties in order to fund the down payment of the new property.

Depending on the condition you'll command a better price on the MLS vs. off market.

If you're a landlord or investor in the Charlotte area, you might have noticed something unusual in the rental market this winter.

They would offer a more hands free approach, but eat up the profit in return.

If I had to guess I would say your money could “develop” 1-2 houses in Staten Island but in the right market you could easily get up to 12 or possibly more good units fully paid for.