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.  

Purchase price: $250,000 Cash invested: $40,000 Sale price: $595,000 Brought in two JV partners to WS this subdivision rather than develop How did you find this deal and how did you negotiate it?

Building is in a downtown area that is growing/developing/lively.

I bought the house through a "facilitator" from Ontario, Canada who had developed relationships with wholesalers/renovators/property managers in different cities.

The calculator sounds great too, we are looking at small development opportunities and/or buy/hold projects in the city in the coming year!

Think about where you want to be in the future and develop your plan backwards from there. 

Firstly make sure it is a reputable developer with a track record already established in the area.

Hi All,Are there any small scale (1-16 unit) developers in Minneapolis?