I am also a project manager and a architectural designer for a real estate developer in NYC. 

Much like by the end of this decade, I will take those same steps to become even less involved with work and have more times with my kids who will be really developing and that will be my focus.The difference once I made money, and was able to make it make money for me I de-risked by eliminating leverage.

The area is rich in history and culture, and with ongoing investment and development in the neighborhood.

Here’s an example of one of our current developments:- A development with 7,190 total linear feet could accommodate 119 homes on 60 ft lots.

They bring higher tenant turnover, limited cash flow, and attract traditional tenants who aren’t your ideal long-term buyers.

I had to develop tenacity and perseverance when starting my business back in the mid 1990's. 

Investing locally would be ideal for sure.  

This option is ideal for penalty-free investment but comes with added complexity and strict IRS rules.Alternatively, a 60-Day Rollover allows you to withdraw funds and redeposit them into an IRA within 60 days to avoid penalties, though it carries the risk of missing the deadline.

Greetings BP community, I recently joined a national senior care living development team.

Is it best to approach an architect or a land developer for what I am proposing?