The new property has a full AirBnB with a separate entrance on the ground floor.

I don't have personal boots on the ground yet.

BUT, Before you even start thinking about costs, it's critical to get on the ground with an investor-friendly real estate agent to see the property. 

There also is still some opportunity in Greater Boston, though it is definitely tougher now than it was a year ago.That said, it is really important to have deep, boots-on-the-ground knowledge, so if you are going to invest in a community which you aren't familiar I would make sure to spend a lot of time in that area.

Please share your experience or advice on owning a property in an AE flood zone with ground level living areas.Thanks,-Stephen 

Managing a local project is awful, managing from afar will end up costing you significantly more $ and time unless you have 3rd party boots on the ground

During our meeting, we saw an article that PepsiCo Beverages have officially break ground on $260 million Dekalb County manufacturing facility. 

Anything from moisture to extreme heat to shifting ground to hurricanes to fires to harsh winters to EVERYTHING could happen when you invest in real estate.  

For example this could be having a friend or family member that owns a property management company, or some type of boots on the ground, or you have a more intimate knowledge of one of the markets.

Ground up construction takes longer to complete and you need an experienced team to help you accomplish you goals - You also need to address soft cost first - survey, engineering report, architectural drawings, demolition permit (asbestos report, pest control report) etc, before you go for the hard cost Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?