He's critical to do something one loves while trading time for money and building wealth in the process IMO. 

UNLESS yoru doing volume if your buying 1 or 2 houses in a year its going to be a challenge.Now I know when I build new construction I do maybe 35 homes a year personally.. we look at lot cost vertical cost of money to build  sales cost and what our profit we can make.. we factor that in before we bid on the lots you have to back into it based on end sales price.. you can't just build it and they will come and or it will appraise.. with the goal to make 10 to 15% on gross and if we do better than 15% that is a huge win for us.. but of course these are 400k and up.. so numbers are bigger but so is the risk. and we can't be like a high volume turn key company that does our yearly production in a month or two.I fund a few VEndors that do a turn key light ( is what I call it) they will let you pay cash for the house and they will charge you a fee to use their rehab crews and coordinate it all. then hand you off to PM.the reason PM is critical in turn key is you have a tenant base that is some what of a challenge to manage.. other wise none of these turn key guys would be in the business of PM unless they were going nuclear and growing it so big that it becomes a profit center in its own right.I hope some of this makes sense. its simply not a big mystery you have certain components that go into bringing a product to market and make it financeable.

It's easy to read and communicates well.My only criticisms - and these are a stretch:1.

And if they have some critical weakness they address it by hiring someone to deal with those details.

Obviously, this is where the lender consulting a real estate attorney is critical.

Im sure plenty on here want to criticize my strategy, but Im probably doing a lot better than those that would.

Not trying to criticize AT ALL. 

John McCain and Jeff Flake, both GOP critics of Trump, could be deciding votes in the Senate for tax cuts. 

@Lisa Parker - as was said here, the tax accountants on this forum are specializing in real estate - which is critically important.

Sounds like from you @Lee Ripma and @Matt K. having a comprehensive understanding of their business model and if it jives with what you're trying to accomplish is critical.