We have considered managing for a couple owners when they have had communities in the same region as ours but typically I tell people they should expect to build out their own management team when getting in this industry.

Hey Nicholas,I would recommend reaching out to a small regional bank in your area for something like this.Your down payment goals are a bit optimistic in the private money world.For a super experienced client, I think you could potentially hit 15% loan to cost with private money.

How familiar are you with the region and City and do you have any idea what areas you're focusing in on to start off?

I already have my architects that are from the region, but need to do the planning to then search for investors, so I can then advance in the Masterplan to sell the houses. 

I was wondering if anyone in this region is able to guide me to how to tackle this project.Thanks in advance. 

I would re assess your long term goals and investigate the regions you are contemplating.

Both of those companies have one broker per region, so the location of the property will determine who is the right person to connect with.

Florida is a bit of a regional destination, so you shouldn't be impacted that badly by a recession. primary destinations like Hawaii, cancun, etc suffer the most as they are very expensive.

Along with the recent announcement that META is moving to the Raleigh, Durham region.

I'll go ahead and name the lender: Regions Bank.