@Nick BednarczykI think people also need to understand that fed rates are not directly correlated to mortgage ratesMortgage rates are more in line with the 10 year treasury which could remain high if we continue to spend money like a drunken sailor

Nothing is passive and even US treasury bonds which are considered the safest investment require one to monitor the economic climate.

The rates will move with the 2-year treasury on that specific program.

The data we have seen shows obviously Malls, Hotels, Casinos, Strip Malls as being hit the hardest. 

With 200 billion in cash he is not capitalizing on treasuries but not sad to get some income from them.

It wouldn't be, but it's also a fund made up of US Treasuries, so you get practically the same amount of insurance since both are backed by the US Govt.

I'm located in the Grand Rapids, Michigan area and am open to properties basically anywhere in southern Michigan (anything south of Muskegon from Lake Michigan to Lake Huron is fair game imo.)I now have a fairly large nest egg of cash beyond all of my other investments (stocks, bonds, treasuries, crypto) and I want to turn that cash into a real estate investment or investments and I think my deep background in tech, systems, and marketing should be able to help me substantially.It seems to me like BRRRR on multifamily units makes the most sense, but I'm open to suggestions.I'm basically retired at this point as the only work I do each week is 3-4 hours of consulting for larger tech companies and I'm on a couple advisory boards.What are the best first steps in building a team and creating the systems necessary to start making deals?

Treasury Regs read-Regs.

@Richard Chover,You're in a good area for it with the wineries and casino.

I'm seeing a lot of units at Palms Casino Resort, and I'm not sure why so many of them are for sale right now (4321 W Flamingo Rd).