Demographics is destiny.Florence, AL is turning around its aging problem through new transplants while Huntsville, AL is trying to stem the new development because there's too much housing and jobs here and not enough infrastructure when it comes to schools, healthcare, etc.

My former journalist self enjoys digging into Colorado laws and counseling my clients on where they can do short-term rentals and under what circumstances.

The developers pushing agents to sell one of their townhouses as a STR really inflated the asset cost cause they were pricing it on a revenue structure, not asset.

Bonus 4: develop a list of questions you want to get answers to before you do any opportunity.

Quote from @Andy Tack: Hi Lance, we are developing a project that is partially in a flood zone also.

That’s less about the numbers and more about developing a niche and understanding your product.

Plus macroeconomics here in Columbus is booming right now because of developments from Intel, Meta, Amazon, Honda, and lots of major companies building out here.

OK being a life long CA and selling and developing land here for 50 years..

Some of the most expensive and difficult properties in the country (and world) to develop were vaporized into potentially un-developable lots.

If you don't have the funds yourself, you need to develop a solid relationship with those that do.