We invest locally and enjoy being involved in the projects.

Once you feel you've built a strong team with your first property and have solid systems in place, I would then start buying more aggressively and taking on bigger projects.

I can provide support of checking in on contractors, staging rental properties, walk potential leads to give you an idea of the property in person or what the area is like, meeting with agents, and drafting scope of work for projects. 

Here are a few high level thoughts for you as a beginner:-Don't lend in second position-Don't do deals with new investors-Don't experiment with new strategies, even with experiences investors- ie, don't jump in to a first development project with someone just because they've flipped 20 houses. 

I hope that this year brings you success and great results in all your projects! 

I do not do residential REI even with a projection of double that.  

The price per square foot range makes sense given the high-end waterfront market, and you’ve done a good job breaking it down into conservative, moderate, and premium projections.

Ultimately, you will need to have the borrowed funds in USD and ideally in your US business entity bank account to sail through underwriting with US lenders on US properties.Caveat: the rates will likely be something like 10-12% so it would not make sense on a long-term holding, more like on a down payment on a purchase and rehab value-add project that you will eventually sell (or cash-out refinance) to pay off the borrowed funds in a few months. 

I’m always open to collaborating on innovative ideas and projects that align with our long-term financial goals.

You can also hold money for maintenance, capex, taxes, insurance, or other projected expenses.