How you build out your STR will provide the most margin of safety in the majority of markets.

Could be they were on big lots and more pool house type or who knows.You might also have better luck if you are leaving the garage for use, and building the apartment on top of the garage.Let us know if you have success and the war stories.

This collaboration underscores the importance of strong partnerships and local insights in identifying and negotiating profitable real estate opportunities.

Your lease or statute may address this, but this is clearly endangering the lives of fellow tenants in the building, which is non-curable.

The market is always strong because of the growth there as well as diverse people who travel in and around there with the Military, space and rocket industry, as well as many other tech jobs. 

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

Once the project is complete, you determine market rate and buy out their share.Let's say it cost $60,000 to build the house and it is appraised for $120,000 after you are done (not including the land, which you already own).

Fast forward to today and I'm preparing to use Jeff (Blueprint) to fund a new build.

I'd like to start building a portfolio in more of a nascent market that has more room to grow in coming years.Perhaps Santa Fe still has some room to grow, as you suggest?

I haven't used any of their products, but Blueprint has worked with me and my business partner to strategize on a project I'm working towards now with a new build in Galena, IL.