I recently bought a commercial condo (retail) and have been going through hoops with the seller (developer) to make changes to make the space ADA compliant. 

You develop relationships with a handle of people that are creating notes and you help them recapitalize, it is like a conveyor belt of deals coming to you.  

Conversely, a new built A class SFR, in A class market of significant growth via a well laid out planned city development, great schools, area people are glamouring to move to, a-class tenants, very very low risk.

Quote from @Andy Tack: Hi Josh, we are developing 767 acres in Tennessee as Glamping STR properties.

And they execute their investment strategy/model (develop, resell, hold, etc.) effectively to generate a return and/or equity and make a living.

Thoughtful upgrades and efficient project management made this a successful venture, highlighting the strength of our partnership and commitment to delivering high-quality results.

those that dont know CA have no clue how much development is there and there is no way its going to crash like a detroit or something.  

@Rosmery ThenMy partner and I are in the same situation, just he has 20 years of construction and development experience.

Honestly, I never fully understood what they meant—until recently.I’ve been diving into some larger-scale real estate projects, specifically in commercial properties and multifamily development.

You want to use flips to partially fund this venture - flips that will drive up housing prices => rents.