Personally, even with interest rate uncertainty and election year hysteria, I am building a stronger and stronger conviction around the fact that I need to get a little more aggressive in acquiring more income properties.   

Building dept. for Unincorporated Arapahoe County is apparently overwhelmed and understaffed.

Pull a building permit.

Building a portfolio of this size takes significant time and infrastructure.Wholesaling is one way to get started with little money, to gain experience and capital for rental investments.

I will have one apt from time to time with a Section 8 person but I would never operate a Section 8 building.

What I think I have learned in my research is this:  It is best to put our property into a land trust, for asset protection (land trusts have one way asset protection in FL) and anonymity.  

.- Tax Benefits: building deprecation, cost segregation, write offs etc..- Principal debt paydown: tenant paying off your loan.- Cash flow.Once the above are all added up, your true Rate Return will by far exceed your returns with stocks.Now regarding the different type of real estate, that depends on a lot of factors and mostly on your financial goals and where are you in life today.

In Charlotte there were many construction cranes, indicating active building going on there. 

Also, what is the age of each building and the major systems?

End of the day though you can still buy existing homes there for less than replacement costs and until that changes you will continue to have very little competition from new builds.