With careful planning and a willingness to learn, house hacking can be a rewarding and profitable investment strategy.

The ratio above works anywhere.Step2 "Existing":Ineach town count the number of units by size.

Quote from @Travis Biziorek: Quote from @James Wise: Quote from @Travis Biziorek: I own and operate a STR in Detroit and this is the first I'm hearing of this regulation.I'm not convinced it exists.

**Risk and Reward** - If the engineer or developer is assuming some risk (such as project financing, delays, or cost overruns), their higher percentage may be justified

They could work with an existing lender, do some marketing to help broker, get a cut and make FARRRR more $ with zero risk vs this EMD lending. 

I'm doing some diligence on a property that has an existing duplex, but I can build a small apartment complex on the same lot.

Suffer through and you'll eventually be rewarded.

It works great for wholesalers who sell the deals to a flipper, so a flipper can reap the rewards by going the extra mile and conducting their own marketing

You want to know the total demand and the existing competition.  

It's such a rewarding field with so many pathways to success.