You could do General Contracting where you'd need knowledge of all trades or manage a team of one single trade. 

And I also see many questions popping up about running a short term rental business, which to me is more of a business than an investment although it does involve an investment in real estate. 

As I see it, the only ways that real estate pays you well in the first 3-5 years is low to no leverage or a strategy that requires more work (short term rental, mid term rental, rent by the room, etc.).  

Additionally, consider factors like vacancy rates, property taxes, and long-term market trends in your target area.

Purchase price: $785,000 Cash invested: $156,000 Short term vacation rental in Panama City Beach.

I have one long term partnership that we share capital but I still do all the work ( rain maker) he is a cpa so he does do the books and tax return though :)  WE built one subdivision together were he put in 500k and I made him 1.2 mil in 18 months net profit so that was not bad.

I'm considering purchasing a condo or a small SFH in the Oceanside/Carlsbad area as an investment property and renting it out on a short term rental site like AirBNB. 

I found out later that my contract could have been better.

If you proceed with a deed transfer, structuring ownership via an LLC or legal agreement can outline buyout terms, profit-sharing, and future equity splits with your father and sister.

Hard money loans can be an option, but they often come with high-interest rates and short repayment terms.