You can either buy an existing property or flip a building and then rent it out.

On the topic of building inspectors, make them your best friend.

Real estate isn’t about doing everything—it’s about building systems and trusting others to help you grow."

By purchasing a multi-unit property, living in one unit, and renting out the others, you can cover your mortgage payments and start building equity while gaining rental income.

For the $1.5mm you're selling the lots and also building houses. 

looking longterm who knows what's going to happen in the market.The largest thing to be cautious about is that with commercial tenants you as the owner often have to put up money in the form of a check or abated or free rent to help the tenant get open for business and build out the space. 

The only exception is for on-site managers, like you'd find living in one unit of an apartment building and managing the building on behalf of the owner.

@Jardin GwinYou're on the right track by researching and building a team before making your first investment!

The issue is building a single small residential unit is some of the most expensive development.Here is a list of why adding a single ADU in single family zoned areas in my CA market is typically a poor RE investment:1) The value added by the ADU addition is often significantly less than the cost of adding the ADU.

More people have always lived there because of the history of economic development near the oceans coupled with tight supply and limited high-density building.