I put them in $400k plus houses here new construction.

Doing this like a brrrr I see as the best bet, for example my property does still have room for improvement adding a bedroom and bath to the primary structure and then the ADU.

Great job on the new construction cabins.

I am thinking I will eventually do new construction on the lot with a small rental.  

For those of you who have used construction loans in the past, how important are these features when choosing a lender?

If not, I’d bet there was no partnership return.Assuming a 50/50 split, you should take half of all income, expenses and profit and report that on your return.

Some sort of owner occupied strategy (house hack or live in flip) is probably your best bet for a first investment.

Your best bet is going to be to join the facebook groups, there are 3 major ones in Lansing.

Compared to the US, the financing is different (if you need any), the legal system is different (you need to vet the parties), pre-construction works differently (if that's what you want to buy), the buyer/seller psychology is different, ...It's important that you get the needed knowledge or work with people who have it and have their interests aligned with yours.I have replied to hundreds of posts about investing in Mexico over the years so you might find some what you look for there.

I'd recommend reaching out to Jordan Wildman with EXP who's a local real estate agent and investor in the Fort Wayne to get started in the market.Fort Wayne offers a number of different investment options from older multi-families (more labor intensive) to new construction build to rent.