Just keep in mind that it may be very difficult to prove to the IRS you are a REP when you have a full-time W-2 activity at the same time.

I am looking to expand as an investor outside of my market as well as building relationships with professionals within my market.

It's a huge building with a steep roof.

In the cities that I would like to live in, the prices are pretty high and most house hacks would be difficult to come close to cash flowing even with all units tenant occupied if I use my 0% down VA Loan.

If the new build price gets over 300k. then we have lift off. 

I will appreciate your responses, currently I am developing guides from BP resources to prepare myself to interview and build a team.

Guess probably 550,000 for a tear down and new build depending on what's required and maybe a year of down time.  

This trend has continued into 2024, with an increasing demand for rental housing driving up prices and creating affordability challenges for middle-income families.To address this issue, developers and construction companies have begun to explore innovative solutions such as “Build-for-Rent” projects.

It sounds like you were given a T12 for the building...

Our goal is to get 2 more this year, but we're stuck on how to build the capital for those down payments.