From simple rules like permits to outright bans so that is a huge risk IMHO.

Yes both states have licensing requirements for contractors and subcontractors which can be found with a simple google search

It's simple really.  

And as investors we should know this, but always anticipate higher costs and longer waits.EXAMPLE Breakdown of Costs:Plan Purchase: $1,500Permitting Fees: $2,500-7,500Site Preparation (grading, utilities, foundation): $20,000–$30,000ADUs require separate utility connections for water, electricity, and sewer but you can tap into existing utilities at the primary houseIn Raleigh you CANNOT split lots fee simple, so setting up completely separate utilities would not allow you to section off the ADU as of nowYour ADU must be on a permanent foundation (no wheels, no ability to move the structure)Construction (labor and materials): $100,000–$150,000Low-grade: $150–$180/sq ft averageMid-grade: $180–$220/sq ft averageHigh-end: $220–$250/sq ft averageLandscaping/Finishing Touches: $5,000Total Estimated Cost: $125,000–$200,000You could easily spend $200k+ with super end high finishes, custom designs, complicated sitework, adding a second story or more sqft, etc.

Building trust can lead to better negotiations and more opportunities in the long run.Managing seller relationships is about clear communication.

Investing does need to be approached more like a business than just a simple stock trade.

There was one time when we assigned a sub2 deal and the assignee and seller did not communicate on the escrow analysis and mortgage payment amount change. 

Many companies have left the state entirely.Insurance is a simple math game. 

keep it to 1 page is my best advice and simple. have financial returns broken out beforehand 

Buy a few books, start simple, do your own property managing.