I’m still new to the industry and learning different ways to approach my goals, so hearing your experience is really helpful. 

Relationship-Based LendingBanks: Normal transactions are always cold-blooded and policy-oriented.Private Money Lenders: Most often work with borrowers to create solutions and value relationships over strict rules.The Bottom LineThe power of private money lending, I think, is a pretty effective alternative for borrowers who need speed, flexibility, and customized solutions—especially in industries like real estate investing.

I grew up in the industry and still have a hard time with holding contractors accountable.

You can't do any work on the property yourself, you must outsource everything.

Secondly is to outsource everything to a professional so you are basically acting as the developer/project manager.

I’m a serial entrepreneur with experience in the tech and food distribution industries, now diving into real estate investment to build cash flow and long-term equity.

@Nathan M kieferIf you are getting $400k in W-2 income, unlikely you will qualify as a real estate professional unless: (1) you have equity in the company and its in an industry that allows you to qualify as real estate professional; or (2) you have a spouse that qualifies.

Exploring wholesaling and land investing is a great way to break into the industry, and your focus on value-adding strategies and modular housing shows you’re thinking creatively about how to address market needs.Your entrepreneurial background in auto detailing will definitely serve you well in real estate, especially with your attention to detail and perseverance.

I guess tourism is an important enough industry there that while they need to limit the short term rentals for local residents, they also need them to provide lower price points for visitors. 

Most bookkeepers won’t work in it if you plan to outsource it in the future.I use QuickBooks Online (QBO) for my flipping business, rental businesses, and bookkeeping clients.