Basically narrowing down by population growth, affordability, availability of homes within my startup budget.

@Nick Rutkowski If you have all of the furnishings already I think you can set this up with the help of dedicated cleaners and some automated tools like smart locks and exterior cameras. 300x5 units is an extra $18,000.00 a year passively which may not seem like a lot to some but if you already have all the start up supplies which is the bulk of the upfront costs I say why not.

IPO clients, mid-stage VC startups, etc.). 

I know that I can look at other areas and hunt for the truly amazing deals but beyond the golden egg, how can I do it without an enormous start up capital?

Points and interest on such loans would be passive and tax-sheltered to the IRA.If you are looking to become a real estate developer personally, there is an alternate structure known as a Rollover as Business Startup. 

Start up a convo with a few and see what they say. 

I am running a startup that focuses on providing tools to residential real estate investors. 

California is a very aggressive state trying to gather as much tax revenue as it can.Normally start-up expenses can't be deducted until the business has started.

Unforeseen construction issues--so common.New construction is like herding cats.And once those cats are herded, you need to heard the business startup cats.Your estimates of time to break even --Meow!

We need a place of our own… but rents are through the roof.We are running a startup and have no real personal income but have $150k in savings.We found a crappy house in Child’s Park, St Petersburg (next to Gulfport).