DR Horton added 700 houses this year and they are the newest to the market. new construction is on fire. 

Our beaches will always draw plenty of visitors in my opinion and are a safer bet because of limited land and fewer properties available to convert to STR. 

Leka Video Seattle PropertyHere is another where she encourages investors to look at ADUs Leka ADU post  @Jonathan Green I'll bet you are trying to scare us newbies from making big mistakes, But you are not very kind about it.

I am also a licensed electrician and very familiar with construction and project management.    

Not aware of how construction cost are looking in Milwaukee, but I'd talk to a couple of contractors/developers in the area.

I'm confused on how the financing and construction loan would work.

I am 40, a creative director burnt out on the advertising industry, and ready to do construction/RE/rentals full time.

.: Someone let me know when the median home price in Rancho Palos Verdes is reasonable again I bet you can  get a deal on one the cliff hangers over the beach that probably will be on the beach in 20 years :)

I would hedge your bet.

We can manage a contractor, but don't have construction skills ourselves.