IMO, the best strategy for that type of individual is to purchase residential property in an area they are or can become familiar with; in an area where the neighborhood is “on the rise”, typically where demand exceeds supply and people are spending $$$ on fixing up properties.  

Thanks for spotting that additional "real property" question. 

In addition to finding a spot to park you money between loans you may just need more deal flow? 

Every lender will have different rates, so there is no global spot to track rates.

Rentals are extremely difficult to make pencil right now but would only personally consider higher end projects because the costs are far easier to absorb than trying to build in lower value neighborhoods.

Maybe, but so far the reports are about neighborhoods where people have real money.

Sounds like you’re in an exciting spot with this property.

I love this architects designs for cottages and pocket neighborhoods, but this concept is something entirely different.

Our sweet spot for our depressed are is rent 28%-31% of income.

It's pretty much spot on.