You should consider investing in RE outside your retirement account as well since there are different tax benefits available.  

It sounds like you’re in an exciting phase, with a clear vision of building a legacy through real estate.

It is difficult to property vet these operators without learning on the experience of others - that is one of the biggest benefits of finding a Community!

I'm giving Marco the benefit of the doubt that he intends to keep his reputation and get this thing done right.  

I am willing to give up control to benefit from the experience and efforts of a good operator that I trust when I have the capital to deploy.The main reason for this has to do with time.

Quote from @Nate Marshall: Quote from @JD Martin: Quote from @Chris Seveney: @Jay HinrichsI 100% agree - but I would bet you a nickel that what many sponsors are doing right now has 0 benefit to the funds that are in trouble or right the ship - they are just trying to stay afloat and raise money so they can live their “lifestyle” for the next few years.To the contrary I think many know it’s a lost cause but do not want to admit it / make it public as it will crush their money raising efforts on their new funds.Maybe I am wrong but my gut tells me differently This is exactly what I suspect as well.

But then on the positive side you've got the amortization of that loan, the tax benefit of depreciation and whatever appreciation there is.

Discuss the jobs/responsibilities that an experienced project manager can log during the construction and marketing phase of a STVR.

The principal sum, plus all accrued interest, as defined above, shall be paid to the Holder upon as set forth herein.Payment & Due Date: The Maker shall not be obligated to make any payments ofprinciple during the term of this loan until January 4, 2024 ('Due Date"), at which time the entire principal balance, plus all accrued and unpaid interest, and other charges, if any, shall be immediately due and payable in a lump sum balloon payment to Holder.Collateral: This Promissory Note shall be secured by a mortgage lien against thefollowing real property: Address listed; (the "Property"), executed by Maker for the benefit of Holder.Assignment: This note is NOT assignable by Maker without the written consentof the Holder, which shall not be unreasonably withheld.Default: The occurrence of any of the following shall constitute an "Event ofDefault':Failure to make any payment due hereunder;Nonpayment of principal upon the Due Date;The breach or failure to perform any of the terms, provisions, conditions,promises or agreements in the Note, that is not cured within five (5) days ofthe date of written notice from Holder;Any representation or warranty made or deemed made by or on behalf ofMaker to Holder under or in connection with this Note shall be materiallyfalse on the date as of which made;

Then after a few months, you will appreciate the expense of outsourcing, and the benefits.