New investors needs guidance

[Estevan Rangel]

Hello everyone my name is Estevan. I own a home outright and its zoned R3 which means i can build an apartment on the property. I have about 200k cash, 725 credit score and almost zero debt. I can barrow additional funds up to 50k from family and i can obviously obtain financing. I just started a business but still work part time as a waiter in fine dining. I make about 60k working part time. I may devote all my time into the business soon and may be only self employed. I have a couple questions. First if you were me or in my position how would you ideally proceed? My second question is if i am unemployed what are my options or what do you suggest.