I will keep you posted on any future developments.”

We’re developers managing our own portfolio and don’t have any outside investors.  

I've also developed a spreadsheet for a TRUE rental income calculator—which goes beyond just calculating net income—by incorporating many of the parameters you mentioned.Do you think it’s a good idea to buy a new construction house from builders for the first deal, especially considering aspects like tax offsets and depreciation?

These are leased to businesses (like chain stores) that cover taxes, insurance, and maintenance, making them much more hands-off than residential rentals.Real Estate Syndications / REITs – You can invest passively in commercial real estate (apartment complexes, self-storage, industrial, etc.) through syndications or real estate investment trusts (REITs) without being a landlord.Hard Money Lending / Private Lending – With $500K in equity, you could act as a private lender, funding real estate investors who flip homes or develop properties.

It's one of the hottest markets in the US right now with so much population growth, job growth, and companies moving/developing here (26B Intel headquarters being built here, 68K+ enrollment in Ohio State University, Amazon, FB, Google, Honda, Nationwide, Anduril, etc.).

It can still be profitable, but I would suggest getting your cash flow going and then venture into that space after some time. 

.- Community Floodplain Management: Flood zone maps are essential for local governments to manage floodplain development and maintain eligibility for NFIP participation.- Risk Awareness: Flood zone designations still help people understand general flood risks in their area.Elevation still matters under Risk Rating 2.0, but its role is handled differently compared to the old system.Under the old system, elevation certificates were often required to calculate insurance rates.

@Andrea Lucarelli - We are converting our planned airbnb into a mid-term rental here in Chicago because it got denied by the city because supposedly its in a "planned development area". 

I would get an attorney or title company involved to create your loan documents to ensure they comply with the law and cover all the aspects you need.Another method that is likely your best bet to take on investors is to create a joint venture (JV).

We’d love to collaborate further and share more ideas as you develop your vision.