Hey BP Community,The City of Charlotte just rolled out a new initiative — the Queen City ADU Program — that could be a game-changer for local housing and for investors keeping an eye on this market.Quick highlights:🏡 Up to $80,000 in forgivable, interest-free financing to build an ADU (detached or attached).👨‍👩‍👧‍👦 Eligible for both owner-occupants and non-occupant property owners within city limits.📏 ADU must be no more than 50% of the main home (capped at ~1,000 sq. ft. for detached units).💰 Affordability strings attached: must be rented to tenants at or below 80% AMI, with rent caps tied to FMR at 70% AMI.📉 Loan forgiveness at $10K per year of affordability (8 years total), or up to $15K/year if you house voucher holders or tenants referred by city housing partners.🔑 Only one ADU per lot allowed.Why it matters:Charlotte is under major housing pressure, and this is a way the city is incentivizing “gentle density” without rezoning entire neighborhoods.For investors, it creates a structured pathway to add a unit with city support — though the affordability requirements and rent caps may limit cash flow potential compared to market-rate rentals.On the flip side, the forgiveness structure (essentially free capital if you comply) could offset the reduced rental income.My take: This could work best for buy-and-hold investors who don’t mind playing in the affordable space and are looking for long-term, low-cost additions to their portfolio.

It’s definitely a long game, but I’m committed to the vision.

We have TONS of contacts as far as realtors, GCs, tradesman, etc so we feel ahead of the game in that aspect.Our biggest goal is to stay in the black (or get back to the black ASAP) before building a rental portfolio.

If you’re ever looking to kick around local trends or just talk shop, I’m always game.

welcome to BiggerPockets Your rendering skills sound incredible, and being able to show investors the full potential of a property is such a game changer for fix & flip projects.

I know the development game is different from wholesaling, and I want to make sure I’m approaching this professionally and providing real value to developers who could turn these opportunities into successful projects.

That’s part of the game.

I think the wholesale game overall is saturated with people sitting at their computer mass cold calling and emailing potential sellers.

That's all you bring to the game.

Numbers are tight so it's a volume game on analyzing deals.