For path #2, you mean purchase & renovate a 3-5 unit building right?

A local investor will be best equipped to get repairs and renovation done at fair prices, set rents at appropriate levels, and help select qualified tenants.

I renovated the kitchen with paint and cabinets.

A development project can have a very nice upside if done right. 

Purchase price: $341,000 Cash invested: $136,000 Sale price: $519,000 A house that I bought, renovated, and sold.

You don't want to get a call 3 months into a project where you have lent money and hear the operator say that they ran out of money and need more money from you to finish the project or you will lose your investment.

Hello, To all my permit expediters and all other contractors, how do you all go about finding leads for projects? 

If you're open to value-add projects, a BRRRR (Buy, Rehab, Rent, Refinance, Repeat) could help you recycle capital and scale faster.

@Chanel Snerling if you're going to rezone in those Neighborhoods, you'd be better off going with max number of units possible.What construction project development & management experience do you have?

There is an much art as science in financial projections and numbers change with the market.