I know there are many strategies/tactics people have used... 

This gives much better diversification protection across geographies, asset types, strategies, investment subclasses etc. versus putting all the eggs into one basket.The downside is that it's not for everyone, and a person has to be comfortable with turning over control to someone else.

I think it's a good strategy to shoot for value add.  

If they tell you no, then stop and find a different strategy.

I’ve worked with a lot of investors and property managers in both Texas and Florida, so hopefully, I can help you sort through the options.Florida VibesFlorida could be a fantastic choice if you’re leaning toward short-term rentals.

What strategies do you recommend for securing hard money loans for spec builds?

Chicago has plenty of opportunities for value-add projects, and I'd be happy to share some insights or introduce you to a few local investors I've worked with.Feel free to reach out if you want to talk strategy or specific neighborhoods!

A good strategy would be to start with maybe three T12's From approximately the same Number of doors in the same market your intended purchase will be. 

2x House Hacker here in Los Angeles and a case study in the BP book, The House Hacking Strategy.1.

It's actually the best strategy in the Nashville area if you can build an HPR yourself and own both, STR the other side.