What is your experience in your market and if you are doing remodeling or building ground up, how difficult it has become to find building material? How much more you have to pay compare to priore to pandemic for labo...

The biggest problem that can impact the smokies in my opinion is the labor shortage.  

Hi Jesse,Maybe Co-GP with someone who has successfully Value-added with re-habs on apartments of this size.Because based on this question, I'd say your chance of coming in on budget and on time is very low (especially with Covid shortages).Using an architect to help with color, landscaping, office design and decor, etc...might be worth it.This is a big project and in addition to handling the actual rehabs, you have to be concerned with your renters inconveniences, 7am chainsaws, water and electric shut offs, downed laundry faculties, pounding and buzz saws whirring all day long.You have to have a plan to appease their anger over this--or they will move out (when they would have stayed), increasing your turnover and decreasing your estimated cash flow.Having a management company that is familiar with re-habs might also be a help--some may also handle the re-hab for you for a (% fee).Good Luck!

In our market there's a shortage of rental properties and we have no problems finding tenants.

Hi there is a shortage in the poconos of contractors.

The following are a few that comes to mind:(1) Holding cost/s to fix these properties far outweigh the profit the company was going to make after rehab.(2) The turnaround time to fix these properties is untenable due to the shortage of labor costs.(3) The inflated acquisition price, coupled with an extensive long lead time of raw material have exasperated the new supply of new housing inventory.(4) Institutional investors are selling/bailing because of the sentiment of https://tinyurl.com/Shoeshineboyindicator.(5) And last but not least, the AI algorithm has taken into account the above parameters and predicted a bearish outlook for the subject housing market segment.With all of the above in play, what?

It is possible you encountered COVID related parts shortages, so that could push this back into the "act of God" realm.

As an agent I've noticed my market seems to have a shortage of both inspectors and appraisers, so I thought about getting into it myself.

This will lead to further housing shortages and renters have to commute from outside St Paul. 

I am looking to refinance my single family home in Mariposa California. I have been stuck in limbo waiting for an appraisal company to accept the contract to appraise my property. I have paid for appraisal 2 separate ...