On the flip side, having more choice in location with an existing product could be advantageous to both his personal life and the earnings potential; add in the second unit having the potential of being a STR/MTR and location becomes even more important.The contract/permit side CAN be challenging location by location; assuming he's working with someone who knows what they're doing, Raleigh makes it easier to get permits for these larger "small scale" projects than Durham.

Built a great business flipping and selling houses. 

So I definitely think understanding the big picture and how your situation aligns with your personal goals should be taken into consideration.

Lucky enough to belong to an incredible network in Denver (CO) but as we add operations, properties and an arm of our design business down here I am itching to join something similar!

Of course, I'm one person and they're a major corporation.

We've confirmed with the builder that they'll sell to investors if they go through my realtor, since they have a personal relationship. 

On the presumption it is a personal house, I would say to do it as soon as you can afford it, presuming you are looking to stay in the same area you are at for at least several years.  

private borrower reached out for business deal How did you finance this deal?

-Jake I would have someone set you up with a personalized MLS search for whatever city you are looking in

I track everything through Monarch personal stuff include because the filters work really good and it gives me a clear financial picture of all my finances as I work towards FI.