Hello everyone,I’m currently exploring opportunities in new construction projects in North and South Carolina and would greatly appreciate any insights or resources you might be able to share.Specifically, I’m interested in:Key areas with high demand for new constructionBest practices for navigating local regulations and permitting processesRecommendations for reliable contractors and suppliers in the regionAny recent market trends or data that could inform my investment strategyThank you in advance for your assistance.

We all signed leases individually and the landlords never had special zoning or permits.

I work with several family offices that could potentially finance a project like this with 10% down the main problem in getting financed is getting your project permit ready which can sometimes take over a year or longer.

You need a mechanical permit for the HVAC, and you need a residential construction permit or EZ permit open in order to pull the mechanical permit.

A mentor will be invaluable in helping you navigate floor plans, budgets, and the logistics of permits and inspections specific to certain areas.

On page 117 of Brandon Turner's "The Book on Rental Property Investing" he has a chart to calculate capex and I did my best to recreate this with more accurate prices (in the book he only budgets $5000 to replace a roof).

Short-term rentals 3 miles away are going for $200-$250 / night and are always fully booked year-round.The area is near state parks and other recreational areas that bring visitors year-round, and the Pittsburgh area is growing.

Other participants would ‘applaud loudest for the “largest” nothing down purchases, regardless of whether or not the purchase price paid was well above market value, had a large monthly negative cash flow, or was a property that had no other use than as a “recreational” lot.  

I would suggest looking into your local market first obviously you need to find out STR restrictions or permit needed.

ADA units are more expensive and require more from the permitting process to construction.