Inventory is low out here but single family investors are making $$$. 

The thing to be careful of is the perception that you are "creating inventory" in that conversion process. 

Sales inventory in NYC has increased as well as many flock to the suburbs...

They never actually meet with the guest, but they go in after the guest and check for damage, turn off any lights or TV's, turn down the A/C or heat, take inventory of anything that needs to be restocked, as well as prep before the next guests arrive (turning on the A/C, heat, leave the welcome gift, parking pass, extra keys, etc). 

Texas in general is still very strong with low inventory and high rents.

And those that want to execute the BRRRR strategy and leave no cash in the deal have essentially no MLS inventory to work with.

not a ton of 3-4 unit inventory in DFW, the stuff that does come on market usually goes fast and doesn't cash flow unless you'er putting a large amount of cash down.

reqfrom=share&fbclid=IwAR3W2XdbJcNanfHKq_RBRo7KgEkwSe1YO9x1gGCARfKoREjXbm2QDc6XgqMThere was such a retraction of inventory once section 8 tightened up after the audit.

We are weary of a potential spike in housing inventory next year and want to have cash to be ready to strike.

I've been doing infill lot's in PG county Marland and the process I can tell you differs from county to county but I'll give you an outline of my process 1) It's not unusual to see lot's on the MLS for 100+ days, do not be alarmed there are not too many people operating in the sphere 2) Just like rehabs I typically start by looking at what I can potentially build on the lot and my ARV  ( I know my area pretty well, so I'm only buying lot's in specific zipcodes ) my typical target is 2500sqft above grade with an AVR for $500+ 3) My research starts with my surveyor, I provide him with the address, he comes back to give me thumb-up or down or any potential problems I may face, such as wetland, DDO zone  (Development District Overlay) e.t.c 4) After closing on the lot in my county I need to get NRI ( Natural Resource inventory) this plan provides documentation of the existing conditions on a site / TCP ( Tree Conservation Plan ) exemption, I get an exemption because I'm buying infill lot, this is typically handled by my surveyor and take about 30days 5) Next is my stormwater management: Again I'm getting an exemption because I'm disturbing less than 500sqft of land, handled by my surveyor 6) Once I have the 2 approvals listed above, I'm allowed to submit my building plans for approval, in my county turn around time for approval is about 3-4months Hope this helpsbelow is a link to my last new construction project, got a few more in the pipelinehttps://www.redfin.com/MD/Cheverly/2417-Parkway-20785/home/10547525