The latter is more rewarding, as I get to use my cash right away, and possibly make my second purchase a live and flip.Our house is in great shape on the inside, but could use a fresh coat of exterior paint, a fresh layer of asphalt on the driveway, and some random things here and there.

Be sure he knows what he's getting into, the risks, the rewards, etc. 

It is risky and you really need to know what your doing but the rewards can be significant.

It can start on a small micro scale and something as simple as a smile that can turn somebody else's attitude or day around can affect other people in various ways. a relationship can get better if a little time and a little more effort is spent on improving that father to mother relationship child to parent relationship for spousal relationship just giving a little more time of yourself giving of your efforts and of course the monetary aspect of it also applies in a little bit that you can afford to give back to those who need it will eventually come back to you not to be expected but to know that it is the good and the right thing to do. this episode 337 talks about the micro movements of an opportunity zone that starts with the people that are in a medium marginal area that have money that are not the government set shoes to focus their efforts in one particular spot to revitalize places and homes in one market to the next and they get a reward for it from the government that is considered that opportunity zone that is what this episode is talking about.

Such a great market, high risk, high reward. 

The reward can amazing only if it is done correctly and the 1st mortgage lien is purchased but at the same time you also assume all violations and issues associated with the property with no exceptions.

If the loss has already happened, this simplifies the choice to be made as the most viable or rewarding investment strategy can be selected.

He was rewarded to remodel our first rental project on Jan 28 ( a total guy job).

Also consider what your risk tolerance / risk to reward ratio is at? 

The government only rewards those that can handle a risk.