Unique Situation

[Shibu Thomas]

I would consider myself a Newbie, I have a 2family property in Jersey city that i own with a friend for over 10yrs, but i wanted to start getting into some bigger and better investments. I was a full time software engineer, but i just got laid off My wife is a physician and we have access to a doctor loan, where we can get a pretty large loan putting little money down with no PMI. So I was thinking about taking on a new project just trying to figure out what my strategy should be? a part of me wants to start with a few smaller projects, but another part of me wants to get into a bigger investment where there is a higher risk but a higher return as well. maybe rehab a big house in a more prominent area in northern NJ where we live. I am not new to construction i have done some renovations in the past. One thing is the physician loan can't be used as a 203k or a rehab, but my father is willing to invest with me and has access to a decent amount of home equity. Wondering where to start here. My other resort is to go back to the IT field and see if i can invest part time but seems difficult to do for me atleast