For less active income (some would refer to as "passive income"), without a job, you're going to need to get a dscr loan but you'll also need to have a balance sheet to take the property down meaning you're probably going to need to partner.I would also try to see if you can improve your health issues before you start this new venture.

If you want an out-of-state perspective, I’ve been investing in Columbus, Ohio since moving from Portland in 2020, and even managing projects from afar becomes much easier with a trusted local team, detailed contracts, and frequent photo or video updates.

For example: Pre-existing conditions vis-a-vis health insurance have been documented to "chain" people to their current employer. 

Got some listings yesterday that I asked for more details on but otherwise, nothing yet.Hi!

We finally got someone to schedule a zoom with us and thought things were moving forward and then got on the zoom and it was just them telling us they’ll follow up the same day with more outstanding details in an email (that was a week ago and the email never came- we have sent follow up emails asking about it and they are all unanswered) We have our first payment coming up and are now frantically searching for another solution because 1.)

Lesson 2: How Bad Contractors Burn Investors (and How We Try to Be Different)Patterns we see from clients burned by previous contractors:• Big deposits, then silence• Underbidding, then endless change orders• Vague scopes that hide missing itemsCheap bids often become very expensive.How we try to be different:• Build highly detailed scopes upfront• Reduce surprises, instead of burying them• Price honestly—even if that means losing jobs to cheaper bidsCompare scopes, not just price.A low number with missing assumptions is not a deal.

When it comes to structuring a deal, most developers focus on the capital gap — but lenders focus on readiness.Over the last few years, I’ve noticed that deals move faster (and get better terms) when the borrower has a clean due diligence stack ready before approaching mezzanine or bridge lenders.Here’s a quick checklist we use internally before structuring mezzanine capital between $1M–$100M+ :✅ Updated project financials✅ Detailed pro forma with realistic DSCR assumptions✅ Rent roll or trailing 12-month P&L✅ Capital stack breakdown showing senior + subordinate layers✅ Clear exit or refinance planHaving these ready builds lender confidence and speeds up funding timelines.💡 Curious — for those of you who’ve raised mezzanine or bridge capital recently:What’s one document or metric lenders focused on the most during your due diligence?

Having a detailed, written Scope of Work keeps everyone on the same page.

You can look up more detail but the biggest thing is to start investing when you are in your 20's not 40's.

We make detailed P&L's for each property and then an LLC bucket with all relevant expenses.