The Hazelwood one is the one I have the most hope for, unfortunately investors have been staking claims in Homewood for a while now. 

@Justin K.If there is a claim against you that is actually worth pursuing, the plaintiff lawyers will find you and your assets.

@Joe Scheffold knock on wood but I have not had to file a claim in over 13 years in leasing to students.The main thing to know is that most insurers will not insure your property if it is rented to undergraduate students.

Recording a property assessed at $100,000 will cost about $132, while assessing a quit claim redemption deed sold back to the redemptioner will only cost $20.Also, if you do not present a "negotiated settlement" the county system may not let buyer assess it back. 

I was a GC in Florida and now I’m working for a well established company contracting disaster damage / insurance claim repair (roofing from hail and wind, and flood, fire, etc..) over the entire Houston area.

I wanted to offer this fact as a counterpoint to your claim implying that "1% rule properties" are abundant in Raleigh. 

We need a licensed GC with experience working with insurance claims....have the claim money in pocket and looking to get started ASAP. 

There is a 5-year grandfather clause in the ordinance that may allow some properties to continue to be occupied at their current limit (if there is one) to apparently limit the amount of Bert Harris Act claims.

There is so much demand on their plate right now, they are having a hard time keeping up with orders from repeat customers who own parks in major MSAs. 

If you have the itch and appetite for development then maybe you go the route of developing it yourself and finding a good civil engineer and custom home builder.