I do this because sellers are going to offer 3% (they are in my market), and if I signed for less, I could not get the overage.To secure my buyers in this new environment, I made a 27-minute video going through the whole agreement and pointing out the things to beware of.

There will likely be local regulations that will dictate the maximum late fee that can be charged.

You're absolutely right, creativity is essential to make deals work in this environment, and building from the ground up, especially in high-demand areas like Raleigh, can be a great solution.Your current project sounds like a smart move, particularly with the zoning for a duplex and ADUs.

The mortgage interest rates were very low then, so deals might not cash flow this well in the current environment, but I’m sure there are still some deals that are worth the squeeze.

Legal and Regulatory Compliance: - How do you stay updated on local laws and regulations affecting property management?

Understanding local laws, tenant regulations, and tax implications is also crucial.

Whether it's regulations on eviction, tenant rights, or property maintenance, being aware of these rules can save you from future headaches.

The situation in VT with regulations is just terrible right now.

My two cents would be to start with a solid business plan that accounts for phased development.Also, even though you're outside city limits, keep an eye on county regulations.

The increases are not strictly about creating more profit for a Landlord, but rather more often than not, they are necessary to keep a property in good condition (including good financial condition), meet safety standards, and ensure a comfortable living environment.