There's no right or wrong way to do this, just varying levels of risk and the only proper route is the one you understand. 

Construction i completely understand it runs in my family. money is not a issue for me is getting the proper knowledge in this field so I do not fail.

I've been hearing 'horror' stories of business (even large ones) ditching the Austin area...and Elon taking back is application to be part of Austin proper.  

There’s a lot of opportunity locally, but one of the 3 keys to success in STR investing is having enough cash to do them properly.  

Pro: In a conventional banking system, you have to trust people to handle your money properly along the way.

My best advice is understand zoning and density to make proper land valuation, then proper DD.

Navigating NYC's zoning regulations can be complex @Jon Pflueger, especially in M1-2 districts, which are primarily designated for light manufacturing and commercial uses.

However, in markets, like Dallas - proper, condos do well, but there are so many things to consider.

We recently had an ESA Great Dane (with all the proper ESA documentation) that bit another resident. 

Here’s the context:I own a rural property with two rental units:A manufactured home from the 1980s in temporary status with the county (meaning it can’t be replaced), which currently rents for $1,350 per month.A one-bedroom permanent residence that rents for $1,300 per month.My monthly mortgage payment is approximately $1,200, and cash flow is crucial to me right now.