In my previous role, I encountered numerous instances of real estate fraud, which opened my eyes to the importance of legitimacy and trust in this industry.After months of studying the markets and educating ourselves on the BRRRR method, we are thrilled to have potentially found our first deal, along with other promising prospects.

.📊 The Role Of Cap Rate In Investment Properties:- Cap rate is more than just a number; it's a guiding metric shaping your investment strategies.- A higher cap rate often indicates a potentially higher return but comes with increased risk.- A lower cap rate might suggest a safer investment but with lower returns.🧮 What Is The Cap Rate Formula?

Similar to real estate, ground up construction typically has higher risk because time factor can play a more important role and there are no monies generated early on. 

What key roles should I prioritize?

It's good you have a "mentor" but what's the role of the mentor.

Later on, these questions will play a role and it's not that they are unimportant now, they are just in the wrong order.

I would benefit from the decreased cost of living (effectively paying reduced or ~hopefully~ no rent), but also would take a greater role in managing the property seeing as I'd be physically living there.

. - Would pivoting to hard money lending make more sense for my current situation?

I wanted to invest passively without any active role, with an experienced general partner who can manage the deal from sourcing, to management, to exit.

But you might be able to work out some sort of agreement with a tenant to fill that role for a slight rent reduction.