Also, zoning for village-style in  town development seems rare and difficult, in favor of large hotel and apartment projects.

While I live about an hour southwest of Asheville in a small town we occassionally will travel to work projects in the "big city".  

Tore down to the drywall and renovated.

I’ve already done a few projects and I would love to shift my focus to these types of government subsidized installations.The problem I’m seing is that since units run on electricity, the tennants will be responsible for their own heating costs.

How is the project going?

I first became interested in real estate investing when I worked for a bank that financed residential new construction and renovation projects.  

Currently working in a corporate as a Project Manager, and an aspiring real estate investor.

@Brie Schmidt or @Henry Lazerow work quite a bit up in that area and may be able to share their opinion.For some more context are you planning to renovate all the units and make them "condo" quality? 

Hint: look for a solar architect, who acts as an adviser and works for you and audits the installer project proposal.Many states/utilities are no longer allowing net metering (kWh for kWh) and use instead all kinds of payback schemes (e.g. if you over-produce, they will gladly take your kWh for 3 cents and graciously allow you to take it back at night for 22cents - end result being, if your system is not properly sized, you will be producing energy for the utility and never recover the costs of the installation).

Here are some details: Top bottom duplex Purchase price 440kTurnkeyDownpayment - 55k Both units vacant2/1 upstairs - $1500 market rent (long term)3/2 downstairs - $2500 market rent (long term)Newly renovated Central ACSeparate electric meter 1 water meterInterest only payment for 5 years - $2567/monthTax - $500/month (appox)Insurance - $150/month (approx) Cash flow - $391 (after taking into account vacancy, property management, maintenance and capex reserve)ROI - 8.5%No prepayment penalty If used as Airbnb, ROI can be higher