We are expanding this concept to higher valued add deals and going all in on ADU development and taking advantage of this historic convergence of market trends, demographics and political climate.

As for flood or no flood every property, every structure is at risk of flooding even if they are not in a high-risk flood zone and some of these flood zones are more political than most people realize, my real meaning is that most of Houston (as an example) should be in a flood zone but selling homes that require flood insurance is a deterrent (especially if a new development) so maps get redrawn not giving the real risk this is why 90% of all the claims that came in from Harvy were in X flood zones which are considered low risk.

@Donald F.Talk to your CPA / Attorney as you want to make sure everything is by the book.Are you and your partner contributing the land into the JV agreement where the developer will build on?

We want to purchase 53 acres, split it into 12.5 acre tracts, develop it and resell.

Question for all my developers out there.

I live in the Seattle-Tacoma area so neighborhoods that are outside the city, developing, and still an easy commute to downtown make sense for me.

Prefer someone local, so I can sit down face-to-face and develop a relationship with a real estate savvy person who knows the local market.

To keep it concise - I've been working for some of the largest multifamily property mgmt and development companies for the past 15 years of my career, most recently managing a portfolio of properties over 2k units with a value exceeding $2B.

There has been new regulation voted on in the earlier part of 2021 that will phase out new permitting for owners of these RM zoned properties throughout Nashville starting on Jan. 1, 2022.If you purchase a property in this zoning, close, and apply for your permit prior to Jan. 1, 2022 then you will be grandfathered in on this zoning and your STR permit as long as you keep your permit active with a yearly renewal fee (currently $320 with a credit card).However, if you purchase a property in Nashville that is currently an STR at a current income-based appraisal approach in these zonings it is important to know that you will more than likely not be able to resell this property to anyone else under this appraisal approach and could greatly affect your long term plans of these types of properties.I have had several other realtors, investors, developers speak with me recently with the solution that they could simply put the property into an LLC and then sell the whole LLC in order to skirt around this new regulation.

Try having your Architect wave his fees and take on a partnership role instead.I'm not a developer so I've got nothing to offer in the way of a partnership.