Second, for you as a taxpayer you need to evaluate if your tax situation (e.g. property type, tax profile, material participation, etc.) will allow you to leverage additional losses generate from cost seg to optimize your taxes. 

@Jared Galde I'll be there and I'd be interested in learning how to leverage my SFH portfolio to cater to this niche. 

Others have little/no experience and will give you bad advice that takes you down the wrong path.I recommend you focus on educating yourself while saving more money. 

Quote from @Virginia VanOeveren: To start as a private money lender, educate yourself on real estate investing and lending practices, define clear loan criteria, and conduct thorough due diligence on borrowers and properties.

Any syndicate that over-leveraged and/or has a near-term maturity will be very challenged to survive. 

im looking to get into a house hack in either there or venice, or even palmetto, still just looking but would like to be educated when i do decide to make the move, any tips are appreciated, also if you need any help let me know!

I am talking in general, especially for investors successful enough to park a few hundred k not leveraged at those returns.  

You're still leveraging his network/connections/professional experience.

$500k would be enough to go out and buy something else leveraged that would potentially get you a better return.

@Stephen FlemingFrom my experience working with over 400 investors, your strategy of leveraging a low mortgage rate, tapping into home equity, and diversifying with a short-term rental (STR) in Northern Michigan is well thought out.