If you are an individual looking for safer and consistent returns for your $$$, with 100% of the net profits returning to you, investing in a MIC might be an option. 

Selling you a product is easy but relating to you based on their personal expierence is not.

Are you essentially acting like a contractor, but just within an airport environment and selling the renovation while your client holds the lease or is there another process I'm missing?

You make money on the purchase not on the sell of the property.   

Are you planning on being an agent and helping other people buy/sell houses?

These used to be the "hood" areas of Pasadena and they are still to some extent… but they are selling for $850k+ (the small homes that is… ) You can easily go to North West Pasadena and buy a home for $750k that is only 900 sq ft and add 1000 sq ft and an ADU and make that home's value jump between $1.4 to $1.6 (or higher in some cases).

@Matthew Alonso we have a townhome that is tenant occupied through next May that we're looking to sell to fund a new build.

I just purchased my most recent property last month by selling one of my inland single family homes for a duplex closer to the beach. 

I've even seen distressed multi-families in some of the better neighborhoods sell to investors who convert them back to single families. 

Make sure you stay educated on your market, what is selling for how much with what features.