@Jamie Parker  I would start talking to local banks/credit unions that do investment property construction loans once you have identified the project and have some details. 

A CERTAIN price point and product 3 bed 2 bath under 200k or whatever might be moving fast in a certain market but others are still selling at 2009 levels.Houses I am looking at locally in a certain subdivision anything 250k and under has about a 90% sell rate and moves fast.

I recommended using the safety hazard approach.

If you are looking 3-5 years down the road In my mind I'd want to have a "not to be under xyz amount" whatever that is to make it make sense to you, but then having the property appraised or using a CMA from a local broker to guid the valuation rather than zillow. 

You will need to furnish them and check with local regulations to see if this is legal but if you can you will make a lot more money this way. 3.

I highly recommend hiring a local RE attorney to draft this unique document.

This isn't just about keeping things organized; it's your safety net if things escalate legally.Legal Grounds Check: It's wise to touch base with a legal expert familiar with your local landlord-tenant laws.

@Jamie Powers you will need to check with the city for specific local laws, but you should be good with 60 days notice.Good Investing...

You will need to get a local, rockstar Realtor, contractor, lender, and property manager.

Have you attended any local meetup groups in your area or nearest city that focus on this niche?