There are two idea I’m batting around in my head right now to get started on my REI journey – I can do it purely on the investing side and become a private lender or a source of hard money loans to builders/developers (maybe that looks like funding a construction loan collecting interest payments while buying time to better understand the dynamics and build relationships) or I can JV/partner with a builder and get equity (upside on a flip/sale) which would be more hands on.Curious what ya’ll input, what you think is the best route for me to dip my toes into REI given my aforementioned situation and current market.

Detroit streets are paved with the bones of bankrupt investors that said "It made sense on paper!"

So we will go from 1 unit to 4 units, with a combination of personal funds and construction loans.

The condominium is 1 story and 1,333 square feet and was constructed in 2016.

These areas still have a great rental demand and not overbuilt.Areas like Northern Liberties, fishtown, point breeze have a lot of options, but also a lot of struggling landlords as there is a great number of new construction high rises creating a lot of supply in the nearby market.

And my houses were new construction really nice brick homes.. 12 years of owning them made zero return by the time I had to freshen them up to sell. but at least they sold retail..

That being said, I think there might be an opportunity for this program to be expanded as the the politicians seem to finally be understanding that they need to do something to fix the lack of supply of new construction homes and I'm thinking this program may end up being a part of their solution.I've tried finding some real meat/details on the program but all I can seem to find is the broad strokes at a really high level. 

I am using it for my construction business. 

We currently work with several builders throughout the state and offer a turnkey solution for new construction investment opportunities.  

The building stock is like all the other Chicago urban core burbs, so expect lots of 1950's and 60's construction with galvanized pipes, flat roofs, boilers and outdated electrical.