I would focus on the lease and your State regulations in your response.

It’s a fairly complex landscape with government regulations, but if done right can be massively rewarding.

Most guys are in the 5%-8% range for no onsite multi-units.If you don't know what you're doing, get a job with a prop mgr and pay attention and learn.With all the rules/regulations changing constantly, you don't want to screw up.

Given the downward pressure that social distancing regulations, shortages of labor, and supply chain issues continue to exert on new construction, do not expect an oversupply of homes anytime soon.

There are many investors, especially in these times, who are interested in the model of real estate for social good.Notes: I am pretty familiar with syndication and how it works, the basics of SEC regulations, and am also a passive investor in syndications myself.

@Jasmine G. the regulations are actually a bit more strict on how you market a wholesale listing which is why most wholesalers have language that includes "not for public distribution" or something like that, than whether or not you can sell something off-market as a private citizen.

Make sure your up to date with local short term rentals laws / regulations.

Regulations laws, and lobbies would probably turn off the business but providing knowledge transfer of rehab analysis before and after with pictures and numbers, and most importantly "Publicizing ARV" and "ARV to Actual Sold Price" as well. 

Also be mindful of any local regulations on how many unrelated occupants in one domicile are permitted.

Building new properties is gonna get more and more difficult as we see regulations increase.