I’m looking into the best way to structure a Qualified Opportunity Zone (QOZ) Fund and a Qualified Opportunity Zone Business (QOZB) for ground-up construction and land entitlement in Columbus, Ohio for hotel and multifamily development.

If I could share one piece of advice starting out, it’s to focus on learning to underwrite deals consistently and then partner with local boots-on-the-ground people you can trust.

I made a $40k build deposit (first deposit on 10/2022) and we have yet to break ground - or even finalize permitting.

A very workable middle ground is to take title as TIC, but have each person own through their own single-member LLC.

Ideally, they would be the team on the ground (live in the multi family, and rent out the others), and we would provide a bit more of the capital.

So I will be your "Boots on the Ground" to give yo that insight to make sure your making the right investment.

I was interviewing someone today for a marketing position and she is working for a company that were two IT professionals who sold a business, started a multifamily fund that is not doing well so now they are starting a ground up development fund for single family homes and another fund in commercial real estate.

FoundationPlumbing, particular main sewer lineElectrical (on older houses) Main panel sizing, grounding, sufficient circuits for modern usageRoof (but you're good for 10 years, just get a tune-up)HVAC system (one again, get a yearly tune-up)

Connecting with investor-friendly agents, local property managers, or even tapping into local REI meetups can give you great on-the-ground insight.

You can still find deals that meet the 1% rule, and BRRRR works well here with hard money lenders often funding 100% of the purchase and 100% of the rehab (around $10K out of pocket per deal).The key for new investors is surrounding yourself with the right local expertise — an investor-friendly agent who also owns rentals, plus a team of property managers and contractors to keep eyes on the ground.