May this year bring you strategic wins and profitable ventures in an evolving market landscape.

You mentioned various places to put your money.What is your expected return along with level of difficulty for each venture?

The money is already gone in failed business ventures, and really bad ventures for that matter. 

Wishing you both success on this new venture!"

Development is a fun and frustrating venture, but Real Estate is still a good place to find a win.  

This next investment for us will be our first venture into STRs (or even a MTR).

A lot of 'off-grid' places are not, which will lower their value and resale ability.Also, you are decreasing your potential market by choosing a venture like this..not everyone will find composting toilets as cool as you and I might.Having said that, I think it could be a great find, if it check all the the boxes.

Joint Venture.

@Anibal SanchezWelcome to BiggerPockets and best of luck on your future ventures in real estate.

@Tove Fox - Residential Real Estate InvestingPros:Lower Entry Costs: Easier to get started with less capital required.High Demand: People always need homes, making demand relatively stable.Easier Financing: Mortgages are generally easier to secure with favorable terms.Simplicity: Easier to understand and manage, especially for beginners.Flexibility: You can use it as a personal residence or rent it out.Cons:Tenant Turnover: More frequent turnover leads to vacancy and more management.Lower Cash Flow: Income potential can be modest compared to commercial properties.Emotional Buyers: Residential prices can be influenced by emotions, leading to price volatility.Maintenance Burden: Landlords often deal with repairs and maintenance, which can be time-consuming.Commercial Real Estate InvestingPros:Higher Income Potential: Stronger cash flow and higher returns are common.Long-Term Leases: Tenants often sign longer leases (3-10 years), reducing vacancy risk.Professional Tenants: Business tenants tend to take better care of the property.Valuation Based on Income: Prices are based on the income the property generates, not market emotions.Shared Costs: Tenants often cover property expenses like taxes, insurance, and maintenance (via triple-net leases).Cons:High Entry Costs: Requires more capital or partnerships to get started.Complex Management: More expertise is needed; you may need a professional property manager.Economic Sensitivity: Commercial properties are more sensitive to economic conditions.Challenging Financing: Securing financing can be harder, with stricter terms and higher interest rates.Zoning and Legalities: More complex regulations compared to residential properties.Key Differences:Risk: Residential tends to be lower risk, while commercial offers higher rewards but with greater risk.Management: Residential is easier for DIY investors, while commercial properties usually require a team.Scalability: Commercial properties are easier to scale, offering more potential for significant cash flow increases.