Hey All, I have been a buy and hold investor for a little while but now am seriously trying to venture into multi family construction projects.

I feel like the economy is heavily effected and dependent on the politics.I have also been looking at diversifying my investments into new ventures.

If you want to tackle larger rehab projects, you can venture closer to the center of the metro.

Whenever we joint venture with any partners we have an agreement that is clear upfront and everything is in writing both on potential profit and any potential loss.

My idea was to set one up (LLC1) for rentals with an umbrella policy and only set up a different one (LLC2) when doing a joint venture.

You can even find way cheaper properties in these markets if you decide to venture in to D grade neighborhoods.Your best bet would be to look into out of state honestly.

@Alexander Felice if you decide to venture a state and a half over to Kentucky I’d be happy to do one.

One last thing, this is a BRRR strategy (buy and hold).ONE LAST NOTE: This is not a joint venture with my contractor.

@Jeffrey KpenteySounds like you are doing a business venture. 

As you're going through looking for properties, don't trust 'zestimates' on Zillow - get with an REI realtor to run true comps instead.My best advice would be to make sure you thoroughly vet anyone you work with but stay cautiously optimistic - you won't hit a home run with every project but just getting on base to fund the next venture is a win too!