I plan on building spec homes as active income and building rental properties for passive income.

An idea I had, following on Rayland's (Seattle)'s idea was to sell the project, with approved plans ready to pull for construction for maybe $50k over cost, and ask for a % at the backend, with the understanding that I would stay engaged in the entire process for learning purposes, while minimizing risk during construction phase.

That's all about me, I feel like I know a lot of the active members on the site reading your responses and posts, but nice to let you know a little about myself!

@Nicholas Norris If you plan on getting your RE license, you still need to find a broker to take you on and let you stay active as a part time or full time agent.

This requires self-employment activity, though.

Now that you're active on the forums, you'll find that there are people on here that are JUST as helpful.

Once I start as an agent, I will be actively learning the market in general and for my own future purchase of a rental property.

These metrics are reflected on a project level as well as performance for to the project sponsor and investors on a pre and post tax basis.Let me know if you have interest or need for such a tool.Best Regards and good luck in your real estate activities.

I am in zero danger of losing the home I own, and am actively working to get ready to buy my first rental as soon as possible. 

If not, I would ask yourself what kind of investor you want to be, (active, passive etc) and where exactly in the Midwest you would want to invest and the people out there you want to start networking with / building a team.