Non-investors focused networking groups are also a great way start building your team in the area.

Relationship Building: How will you get to know the borrower?

I think new builds don't really work from an ROI standpoint, but if you can find properties that have easy ADU conversions then the value might be there.I'm in MA and we just made ADUs legal by right, so I'm looking into the best ways to add value using them.

It is challenging to build an underwriting box for something that fell outside an underwriting box.

I leveraged my owned land to build my personal home.

It always comes down to understanding the seller(s), building rapport, and then coming to a win-win solution - we do a lot of creative deals, on & off market and each is always unique. 

Educate yourself with books, podcasts, and market research, define your goals, and build a team of professionals to support your journey.

FL seems to have reigned in HOAs recently, so who knows what they are allowed to do.I know that in CA, an HOA can ban smoking in units because smoking is not a protected class and the HOA has an interest in the safety & health of the building. 

For example, in my market, we see MF building permits way down for the last 2-3 years.

Great way to build a business and a rolodex of listings/sellers.