I wasn’t trying to be a developer.

I as an investor may decide that based on my risk appetite and risk tolerance, I want to pursue higher IRR riskier development deals that use high leverage.

Keep the letter short and include photos.Third, consider connecting with local builders or developers.

Quote from @Hunter Foote: I’m curious to know if there are others in the BP community who have experience with recovery housing as a real estate strategy.I’ve spent the last several years working on the development side of sober living homes, and I’ve found it to be a fascinating intersection of real estate, social impact, and long-term cash flow.

It's like a development deal in considering your engineers and architects as partners.

Developers are not stupid.

I developed a tool called Daisy Chain Detector.

With a renovation background, you’re already ahead, as pairing that with underwriting skills is what unlocks BRRRR and small development.

That's very technique dependent.

That business model also tends to require being extremely hands-on, which seems at odds with the lifestyle goal of replacing a stable job.So if someone truly believes running around managing low-value homes is a better long-term life choice than a reliable W2 job, then by all means go for it—but it’s not for most.Another way people replace W2 income that may be more realistic is by getting involved in real estate with more meaningful fee potential, which usually means heavier construction-oriented development.