My best recommendation would be to find someone who is doing something similar to what you hope to do in the space and have a coaching call or two.

Hi,Thank you for sharing your experience and insights from being in the private money lending (PML) and hard money lending (HML) space for decades.

My name is James, and I specialize in the care home and assisted living space.

I think initially it makes sense to find properties that already have finished basements, in-law suites, etc. as converting those spaces to ADUs will be inexpensive and create a significant amount of rental income ($2,000/month+ in most areas close to the city).

That will allow you to better place your money in areas you know can succeed whether it be in the arbitrage or ownership space.

I am new to the real estate investing space. 

I have a space in my home where I do all of my desk office-type work, but it is not dedicated to real estate.

Local banks and smaller credit unions are most aggressive in this space.

Find parks in the area that have open spaces for mobiles then negotiate with the park owner for 6 to 12 months free space rent or for them to pay the moving costs. 

And won’t parties involved see red flags waived by all this “out of space” subterfuge?