Depending on what kind of capital you have to work with, and what finance strategies you're utilizing, investing outside of Charlotte can be an easier/more cost effective way to get started.

It is 100% a business transaction for the bank and depending on how big the bank is and how many layers of approvals and internal reviews they have, it may take months to close.The only part of the process that is within your control is how quickly and how thoroughly you respond to any requests the bank has.

Hi Gp,The cost of ADU really depends on multiple of factors like location, strategy and regulation.

Sacramento is an awesome market for multifamily- yes, California is more about appreciation, but there are still cashflow opportunities if you look outside of the direct urban core.If you want to stay in downtown / midtown Sacramento, rents for 1-2 bedroom units range from $1600-2400 depending on building class and neighborhood. 

Success in this space (any space) depends on your ability to find MOTIVATED sellers.I said motivated sellers, I didn't say "people".It starts there.So to 100% non-opinionated prove to you that what you are saying is wrong, consider this.How many mailers calls or texts do you need to send to the methods you described to find leads, TO close a deal?

It seems that the market in Vermont really varies throughout.

CRE on the other hand may depend on changing work patterns and economic factors. 2024 will be one to look out for! 

@Anthony JacksonIt depends on how you intend to use the money. 

Fort Bragg/Liberty isn't going to be growing smaller any time soon - I'd think it all depends on which category comes along as a 'deal' first.

If you can't self manage (which everyone thinks is easy - but it's a LOT of work so depends on your available time to devote to answering basic questions over and over, calling 3 cleaners to replace the one that called out for the 5th time in season, calling an A/C company because your guest turned the thermostat down to 65 in 100 degree weather, etc.) then either go with iTrip if they have a strong franchise in your market or a mid-size local company with a good reputation.