Certainly nothing ground-breaking in terms of ideas here, however I'll be very hands on (and on site) during the process to make sure that every step of the way is executed to a high standard and very carefully.Once I've hopefully developed a successful track record and gained experience, my next goal would be to move on to commercial assets (think multi-family, industrial etc) so that I can leverage my existing investor network and real estate knowledge to raise 3rd party equity and take on bigger projects.

Investment Info:Large multi-family (5+ units) buy & hold investment in Bryan.

Quote from @Chris Hertig: We recently purchased a multi-family property and have someone living illegally in an uninhabitable, detached garage. 

It seems like a win-win, especially with the simplified approval process and flexibility for multi-generational housing.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Sloan Lake, Denver.

The rental demand in the area has been consistent, and duplexes offer the flexibility of house hacking or scaling into multi-family investing over time.With your experience in construction and remodeling, you’re already ahead of the game—fix-and-flips or BRRRR projects in Kansas City could be a perfect fit for you. 

Investment Info:Small multi-family (2-4 units) buy & hold investment in Duck Creek Village.

Also, there’s much to delve into on of those scenarios, like what type of cashflow or investment do you want, etc. residential, multi-res, small multi-res, commercial, industrial, etc.There seems to be fewer deals around these days and this typically benefits the more experienced and skilled investors but there are always multiple investors that get “tripped-up” in these markets due to them relying on recent “fortunate” market circumstances only to realize the markets cycle and they weren’t prepared or didn’t underwrite properly to account for unforeseen potential.There are more considerations, but this is a start.

And it also feels like I invested in a virtual company where there is nothing solid. 

I am conflicted on whether to use the 500K on one big property (ideally multi-unit) or buy several smaller properties.