I’ve found that automating as much as possible (rent collection, maintenance requests, bookkeeping) makes it easier to step away.Happy to keep the conversation going! 

With new construction, you’re often looking at 9–12 months depending on permitting, inspections, and build speed.

One of our strategies is to pay attention to drilling permits and once those are filed we start giving that unit attention.

Dallas is generally one of the more easier cities to work with when it comes to permitting.

$2.5B New Center by Henry Ford Health, Pistons owner and Michigan State Universityhttps://www.clickondetroit.com/news/local/2023/02/08/incredible-investment-in-our-city-25b-detroit-neighborhood-redevelopment-to-begin-in-2024/$1.5B Investment, 12,000 temp jobs, 6,000 New Jobs: District Detroit Developmenthttps://www.detroitnews.com/story/business/2022/11/15/district-detroit-1-5b-development-to-include-housing-retail-hotels/69649853007/$1.4B Total as Hotel Added to Hudson Sitehttps://www.detroitnews.com/story/business/2023/11/02/hudsons-site-hotel-plans-move-ahead-as-city-issues-permit/71426631007/$439M Gilbert Foundation investment in Detroithttps://www.henryfordmsu.org/news/september-2023/gilbert-family-foundation-announces-nick-gilbert-neurofibromatosis-research-institute$400M Investment, 517 New Jobs: Norway’s Nel Hydronhttps://businessfacilities.com/nel-hydrogen-will-build-400m-gigafactory-in-southeast-michigan#:~:text=In%20Southeast%20Michigan-,Nel%20Hydrogen%20Will%20Build%20%24400M%20Gigafactory%20In%20Southeast%20Michigan,green%20hydrogen%20using%20electrolyzer%20technology.$300M Huntington Place Renovations & New Detroit Hotel https://www.crainsdetroit.com/real-estate/huntington-place-renovations-new-hotel-deal-reached$200M Chase Investment in Detroithttps://www.axios.com/2023/09/28/detroit-rebound-jp-morgan-investment$44M Investment, 237 New Jobs: Bollinger Motorshttps://michauto.org/bollinger-motors-plans-44m-metro-detroit-investment/$21.5M Investment for Detroit west side Dexter Neighborhoodhttps://www.clickondetroit.com/news/local/2023/11/01/neighborhood-on-detroits-west-side-receives-more-than-215m-in-investments/$20.6M Investment, 186 New Jobs: BorgWarnerhttps://www.crainsdetroit.com/auto-suppliers/borgwarner-invest-206-million-create-186-jobs$11M, 200 New Jobs: Volkswagen Scout Brand Investment in Detroithttps://www.teslarati.com/volkswagen-scout-11-million-detroit-investment/New Detroit Developments to Be Excited Abouthttps://www.metrotimes.com/detroit/15-new-detroit-developments-to-be-excited-about-photos/Slideshow/32734721/327353923 International Companies Choose Detroithttps://www.detroitregionalpartnership.com/international-investment-comes-to-detroit-region/6 New Residential Developments in Detroithttps://detroitisit.com/6-new-residential-developments-in-detroit-to-know-about/Contact us with any questions you have.

Many chicago GC's even though are licensed aren't pulling permits unless there is already violations or its a huge gut project so that is a bit differant then most cities. 

Quote from @Parris Taylor: If you only had 30 minutes a week to manage your rentals…What’s the first thing you’d automate?

Executive summarysponsors overview (SREO, PFS, .. showing strong experience and liquidity)capital stack if raising money from LPs or silent partners, (summaries. who are they, are they experienced LPs, is the capital raised.. common questions)Pro Forma and all financials including soft costs, hard costs, horizontal budget, vertical, permitting/zoning requirementsbuilders and contractors resumes / verificaition of the ability to complete the projectmarket CMA showing the need and demand for the build also known as an offering memordanum (just not include the ask)that should be enoguh to get you some LOIs and looks.this is a very high level response and i do this every day so i am happy to talk more in detail, its a lot - just text or call me. cell below - good luck! 

The smoother your scope of work and documentation (invoices, photos, permits), the faster it goes.Bottom line: plan to carry the first 20–30% of the rehab yourself, then use draws to recycle that capital through the project.

I initially purchased it to setup an automated commercial farm.