There’s no single right answer to every situation, but the more you educate yourself and build your network, the more confident you'll become.Lastly, don’t hesitate to ask questions here, no matter how small they seem.

Even after one year, that property may provide thousands of dollars worth of appreciation, you will pay down your loan and build some equity, and you can depreciate the asset. 

Explore build-to-rent communities or mixed-use developments in emerging markets.

Right now there's huge concentration, but as this continues to build out and we see north of the high 30s GW by 10 years from now it'll be almost a requirement to keep some type of locality based risk assessment and to diversify. 

It takes dedicated resources to build out and to do effectively at scale.

Is Raisemasters more for rehabbers wanting more/cheaper access to money OR is is geared more towards those wanting to build a lending business?

You will need to look at CA building code.

If you play your cards right, this could be a great way to build equity and add value to the property.

For reference, we currently build 1 million homes per year just to keep up with current demand.

Regardless of how a certain asset class is doing, an investor like yourself can ALWAYS find a good deal in any type of property.Now, my general suggestion for all of my CFO clients is the gradually move up the unit spectrum/asset type as you build up your portfolio.