Figuring Out My Strategy

[Account Closed]

I've owned rental properties before, but they've been old houses that I've lived in that I've upgraded and then just rented out the old house.  I just sold one and have 1 remaining in California.  I just moved to Southern Washington.

I have about $200k saved up to use for real estate investing and will be able to add about $20k or so per month.  Right now I'm thinking about either investing in single family homes or multi-family units for buy and hold (out of the area), or potentially offering hard money loans.

I really don't like the "prospecting" or "sales" aspects of real estate investing, but I love figuring out how to structure a deal and I love analyzing and running the numbers.

Do I go the buy and hold route or the hard money route?  In either case, I will need to figure out how to find either the properties that make sense or the investors that need loans.

I would love to hear your opinions as I figure out the route I want to go.

Thank you,