The sponsor is paid a portion of your slice the sponsor may or may not also put money in the deal.Paul

If I'm acting as a general contractor, I need to take a slice there just as if I paid a GC to do the work for me.

We also considered trying to buy a slice off the neighbors property, but that's not an option as then the new code applies which is even more difficult. 

Second, BP is a small slice of the RE investor community, and your 2% and 90% are just as arbitrary as my "vast majority". 

That sounds like an incredibly thin slice of potential tenants.As is kind of acknowledged in the article, there is risk of vacancy, if the tenant decides not to exercise their option. 

Hustle may just be the largest slice of pie.

@Jimmy Joyce I would suggest the Tampa Palms, Cross Creek, Seffner, Mango, etc. 

A higher downpayment should result in no PMI, or to another point you made, the ability to refi out of PMI sooner.To me no matter how you slice it, you've got to have a stable income if you are going to be taking on added expenses.

The world is your oyster, man... go get it. 

Or you can get some investors to cut you a note or preferred equity for that 20% slice.