Thank you but Katy is not near my chosen territory. 

I've invested in stocks, traded options, and even a bit of crypto for years.

I have not chosen a builder yet, but you bring up a great option to consider.

For retail investors I would be more worried about what the sponsor does vs who they are raising from - when I see a fund start branching out and doing something not in their strike zone whether it’s crypto, oil and gas, MF, debt and mobile home parks etc that to me is a red flag - especially if they are also spending their time traveling the Public Relations circuit selling mentorship’s vs managing assets.One last thing to add, I know iof someone who had one investor for 25 million.

Now that you've had some success it is a good idea to clean up the structure of the business and continue forward on your chosen path.

You've chosen a great place to get started.

are you able and willing to spend time in person in your chosen market? 

There is also the local knowledge of a market like here in Lake Tahoe where lending can be trickier so an offer with a local lender might get chosen because they have a reputation to get a deal done vs a national lender that can have more red tape and a slower process. 

Free market is good when some chosen/special folk benefit from it.

The reality is that the new generation of native-born Americans don't want to build houses, they all want cushy high-paid jobs in tech or finance etc. or to get rich quick off of crypto or being a youtuber or running internet businesses, etc. very few of them want to work in the trades.