Anything beyond that makes me wonder if he might stay too involved.

It takes more effort and there's more risk involved (therefor more reward), but it just depends on your goals and how you want to get there.As far as focusing on areas with high demand for travel nurses, that's just 1 tenant-type of many in a changing landscape.

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

I was involved in two small infill developments in Michigan (about 15 houses in total) so two very small parcels. 

I have a list of them that I can share with you.Chicago, without a doubt, has some downsides, but there are also a lot of positives, like the inventory of older multi-family properties and price points at all levels.Investing out-state can be challenging because of the distance and the need for boots on the ground that you can trust 100%.

Decide how involved in real estate you want to be.

I live in Minnesota so this will be a long distance investment and 1st one in Wichita.

BBB has them at a D-  rating because previous similar bad outcome 3- If you are really in the same boat as us, you need to start a class action lawsuit that involves all the investors in that project and/or sent a complaint to the attorney general in Florida that involves all of us get him to liquidate his assets, pay us back and get him behind bars.

I’ve been involved in real estate investing for over 30 years, so if you ever have any questions or need guidance, feel free to reach out.

Hello Kenyatta, I'm also new to New Orleans and actively getting involved in REI.