Both options seem good but because I'm still in the newbie phase, seeking advice. 

Due to the risk (raw ground and new construction) and duration of the project, I would bet the farm that this project, would almost never, if ever be funded by hard money stance.

Some guests would say “the home does not provide ground nutmeg” or “ the bottle of wine was nice , but we prefer white wine and they had red”.

Nothing beats boots on the ground, and as you start to think about neighborhoods to invest in I think it makes a lot of sense to pivot out of internet mode and into ground mode. 

I would not however be happy paying for a 2nd lease fee and depending on the previous relationship you had with them may be grounds for me looking for greener pastures. 

Most of which I'm sure will occur on the ground moving through my first and then subsequent deals.

Perfect location, great condo, ground floor, newish building.

Footingshelp to spread the load across the ground and prevent sinking and structuralmovement.

You're background will allow to skip the 1-4 tenants phase.

The idea we can just double it real quick and make up for all that lost ground, especially for a new generation that has found dozens of creative ways to make money that way we don't even understand (anyone minted any NFTs lately?)