Creative and sky is the limit. from is flat piece of dirt and turn it into nice housing that people will enjoy living there is rewarding and a sense of great accomplishment. 3. skill building, it require many areas of expertise from start to finish. the amount of knowledge and skills one will learn is a lot more than just flips or buy and hold. from the understanding of zoning, city planning, drafting up plan with architect and engineer, approvals, documentations and financing. the list goes on and on. maybe this is as much as a cons than a pros depends on how one sees it. 4. development low income housing, we have a housing crisis, and developer are not focusing on people with low income, they have their eyes on where the money is. dealing with state programs can be lengthy but worth the effort in my opinion if the outcome is to build something that is profitable at the same time giving family a better home/environment so their kids can thrive.

Can totally still work though.It really all comes down to how much time, interest, and skill you have to invest. 

You are simply shifting your management responsibilities to a single issue as opposed to multiple separate properties.Being a active hands on landlord requires not only specific skill sets but more than anything else requires the desire to self manage.

My self-awareness of my actual skill level saved me from going bust.  

Wholesaling draws me because it gives me a chance, while I’m young, to put my skills and work ethic to the test and get into the real estate world.

Ideally you can have a trusted contractor issue a bid for a scope of work or perhaps the most skilled person you know in construction.

This is where your skill level of assessing the deal prior to making an offer comes into play.  

I have a PM that’s on salary (~41k) 1 hourly guy that’s a laborer 13/hr we trained him up from only being able to sweep floors to now doing our carpentry and window installs1 hourly guy that’s highly skilled at 17/hr he can do almost anything.

He has 2 helpers neither of them are skilled we are actually convinced he keeps them there for company and to clean up in the afternoons.

@Cody Z.If you want to set up a mastermind, you should identify the goals for the mastermind as well as the skills set for your potential members.