I highlighted two common exceptions in my earlier post, but doesn't sound like either scenario applies to your case. 

Any information about land in reference to developing townhomes would be helpful ThanksWhen it comes to Build-to-Rent (BTR) townhome developments, which fall into the larger category of rental housing that is rapidly expanding, there are a few important considerations:Typical Density: A common density for BTR projects is around 8 dwelling units per acre.

Via the posting of well defined (defined within the state property code) notices which must be publicised within certain publications/online.In MI the specific Document which must be published is called Notice of Foreclosure by Advertisement.

@Grayson Chao look up WAREI on Facebook as that is a big active group of local investors and a number of meetups get advertised there. 

@Rajagopalarao PaidiRecognize time is also money if you are financing it and I have found without an agent will take longer to sell.Also are you local where you could manage all the showings, advertising etc?

When converting common living areas into additional bedrooms, many DSCR lenders might view the property as non-conforming, which could pose challenges.

There is no given answer here, because the whole property needs to be relatively consistent.Kitchens and baths are the common answer, but if they are passable and you choose to invest in them anyways at the expense of peeling paint (or off putting exterior color) and overgrown landscaping, the appraiser and tenant will be walking up with a bad taste in their mouth, thereby not valuing the interior work you have done.But think about the general flow of someone looking to rent: more bedrooms will typically dictate more rent.  

Illegal basement units seem to be very common in this area.

Jordan, Across MN in the heavy tourism areas, STR PM's are very common.

That would be like claiming people should ignore speed limit signs because they don't advertise the road, traffic or weather conditions.