We are in the process of finding  a HM lender to finance  a lot and spec build.We have a lot that we want to purchase and already have the plans and have built this house numerous times already.One lender is asking to have a permit issued before they move forward.

I have lived here since 1998, went to school at UT San Antonio, and the majority of my investments are here locally (single family homes and multi family apartment complexes). 

Looks like a major hurdle for newbies is simply knowing who to sell deals to once they lock them up.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Non-issue.

It is also a great place for flippers to make some $$$$$$.Demographic SnapshotPopulation Dynamics: Higher populations in zip codes 13208 and 13210 suggest a vibrant rental market, whereas 13224’s higher median income points to the potential for luxury real estate investments.Age and Housing Needs: The younger demographics in zip codes 13204, 13205, and 13210 indicate a need for affordable, compact living spaces suitable for young singles and new families.Age DemographicsGen Z is actively moving to Syracuse, NY:https://www.localsyr.com/news/gen-z-is-moving-to-major-cities-including-syracuse-why/This migrational data is supported by search terms for jobs at Amazon being up 900% YoY:KeywordAvg. monthly searchesYoY changeamazon jobs syracuse ny500900%amazon careers syracuse ny500900%Market Analysis and Rent TrendsRental Scene: There is a stark contrast in rental prices across the zip codes.

My issue is that we are finally through planning and I am at my last step before construction which is obtaining a curb cut permit from NHDOT.

Saturation has always been an issue in that complex and only select floors offer gulf views depending on the building. 

Failure to have funds for maintenance results in maintenance not being done and that leads to problems like structural issues.

We live in 1 unit and will rent the others.The issue at hand is that one tenant has/had a verbal contract with the previous landlord (they are family).