Abandoned school -> Apt complex

Investing Strategies Retirement Investing
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A trio of investors transformed an abandon school into a modern apartment complex. Bought the abandoned school for $100K, and then secured $3.3M investment (one of the three is involved with real estate) and transformed the property into an upscale apartment complex

https://moneywise.com/investing/real-estate/hybrid-sp-this-pennsylvania-trio-bought-a-100k-abandoned-school?throw=C2WTRN2&utm_source=syn_oath_mon&utm_medium=Z&utm_campaign=38724&utm_content=oath_mon_38724_how+to+invest+in+real+estate+without+all+the+heavy

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This is not really “investing”. It’s either a job, for those with real estate knowledge, or speculation for those without.

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Someone very clever once said “investing in real estate is really a lightly taxed second job”.

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Additional details from YouTube video.
A lot more expensive for the trio after the $100K that they paid for the school.

Obviously, a much riskier endeavor than suggested from the OP

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