For his first two years here he stayed in a rooming house, because he couldn’t afford his own house or apartment.After World War II this country “got rich”, affordable housing became plentiful as “the suburbs” were developed.  

I saw someone post in a group who I think is a schmuck brag about hitting a specific figure for their training and I just shook my head - like wow - this person is a great sales person and just steals the same lines from the business book about working hard and throwing out some slick slogans - but man oh man - when real estate gets hard people move to being a guru - just look at FB ads right now - many are not funds anymore but how to raise money, how to do X.

However, as @Chad Hale mentioned, only if you can afford it - meaning both financially and mentally (e.g. how stable are both of your jobs, how long will it take you or your husband to find a replacement job, how much you have in reserves, and whether you guys are in a position to withstand that mental stress, etc.)When you mention 8k monthly, I am assuming that's net profit?

I have almost half an acre plot of land located in a gentrifying/up-and-coming neighborhood.

If you are in a good park it might work but your other issue is that many are over 55 communities. 

Hello Scott, developers require a minimum down payment of 30% and the balance in  to 9 months in a pre construction condo.

I store some funds in a HYSA as well as lower risk investments.

I’m a new investor and looking to invest in a small multi family.

Maybe in a year you could sell the note.

Cost of borrowing goes way down when no one wants to borrow like in a bad economy.