Use a good lease Have proper insuranceAdd an $1million umbrella policyAnyone can sue for anything, but winning is another issue.

- Any suggestions for backup strategies, like selling undeveloped land or leasing, if the market or project plan changes?

I'm a contractor and do this frequently.

Robbie - first thing that comes to mind is renting out the rooms individually on shorter term leases (co-living model). 

It’s more risk because no way I could have it leased before my 6 month leaseback is expired.

I have two questions: 1) I asked on this platform before about disputing a condo building lease fee which was $500 per lease.

Also, consider the potential for appreciation and rental restrictions, as some HOAs have rules that might limit leasing later on.Given your $20k starting point, a condo could work well as your first step into real estate, especially if you focus on one with a manageable HOA fee and potential for appreciation.

I offer them with an additional fee and lease addendum. 

Central Illinois offers some unique opportunities for creative real estate investing, from seller financing to lease options and more.

@Jonathan GreeneYell ppl the AI with the ** before each heading then it ends in “in conclusion” thankfully most of these people last a few weeks to a month or so and realize it’s not getting them deals so they stop Little secret for people is you shouldn’t come here expecting something in return - those who post more frequently are giving back from experience and not expecting things in return