I have a long term tenant now that is making twice monthly payments, based on her paydays.

Still generally a better deal than payday check cashing places but not suitable for investors.

If you win, then PAYDAY!

I always took 24 month listings. but they would cook off at 1 to 5 million and my 10% was a nice payday.. and the people buying them most I can still call friends.. you get a much deeper relationship with a ranch buyer.. you could work with them literally for years until the right property came up... most of what these guys are talking about is sending mailers to old land subdivisions that never took off.... and most of the property has little to no real value on the open market.. so you always have someone who will do the 100 dollar down 50 a month program.. and or pay 5k cash for 5 acres.My dad used to sell 100 properties in a day at airport hotels in LA and SF... lots costing 1k to 5k. 

They don't know how much, only about 5% convert to something of value but they gotta swing at everyone to find those pay-days. 

Your real pay day as a sponsor is when you either refi out the investors and end up individually controlling the asset or, when you sell and far exceed the hurdle.On large projects or syndications, that makes sense because the numbers are big.  

Another thing I didn't see mentioned here is that in lower income (and sometimes higher if they don't manage their money well) units the first is usually a pay day or close to one.

My real concern is covering so many payments every month, since flipping comes with such a delayed payday.

Without an 'ace' marketing angle, I don't see a big payday. 

Ensure you know when payday is.