Hey @Tyler Jahnke - can you provide an update on your Morris Invest project?  

Do you have experience using them for your projects?

My plan would then be to diversify by partnering with my mother-in-law on fix-and-flip projects for a year or two, which would increase liquidity.

I think working on getting liquid capital for these projects is step one for me.

Everything always takes longer and is more costly than projected.

I'm starting my first BRRRR project and just closed on a property using cash.

@Blake Kirby the new construction is mostly SFHs on the far outskirts, or "luxury" apartments and/or condos as infill projects.

. - Projects give us visibility on my projects- My CPA can easily access the reports for tax preparation.

By the time an Inspector shuts down a project, and the homeowner goes to court/city/judge/whatever.....there is wasted time and money.As we all agree, just get a permit (if it is required) and do things right. :-) Even if you win the war, loosing the battle can easily wipe out all your profits and more.Think about that recent CA AirBnB case where the lady was in the guest house for almost 2 years with no rent?  

@Otis Clayton To partner in real estate effectively, establish a clear structure like an LLC for liability protection or a Joint Venture for single projects.