We have so much excess housing supply that its usually cheaper to renovate vs build new.But there is a good bit of new construction near the waterfront areas of east Baltimore.

It could be taking you further away from your goals if it is a time intensive property, area has high tenant turnover, or excess maintenance due to the age of the properties.My point is that owning a property is simply the strategy to get you to a goal, owning it is not the goal / end destination.

I think architecture is a fine way to gain exposure the real estate development process.

The GNA will manage the process of leveraging RNAs with excess time, to fulfill the community needs of the RNAs with excess money and accrued equity.

You will just have an excess of cash that will not be used and instead be paying unnecessary debt payments.  

Buying a condo or a couple of townhomes that share a party (common) wall in that area of town could give you the "second home" you mention while also providing good exposure to year round rental demand from medical center workers and short term rental demand from sporting events (Texans home games, College Bowl Games, Super Bowl, NCAA Final Four, etc..).

There is no real estate investment that will give you that return, no doubt about it, not without a whole lot of risk exposure anyways.As far as taking a loan against your 401k, as mentioned, the longest time would be 5 years to pay it back.

Anyway, I’d probably use it as the place to put excess materials.

We are real estate professionals, and can use excess depreciation (tax losses) to offset this income.

I'm trying to get more exposure for a strip mall that my dad has and I want to make an aerial map of the location of it with labels/pop ups of other notable nearby businesses/streets.