Both fiscally and emotionally that can be tough to stomach. 

Anytime you start something new, you'll have those butterflies in your stomach.

I could stomach this, but it would definitely put a dent in my ability to acquire other investment properties.

(Heater in the winter in the midwest / NE for instance).As you scale up, it becomes easier to stomach, but having 1-2 properties, a big ticket item can really put a dent into your plans.I'm not advocating going overboard and saving 20K a property etc (as that would quickly eat into your purchasing power for more property), but make sure you have some money set aside and a plan.

Though I don't think I have the stomach for development.

Im sick to my stomach since i read Sylvias post.

Guess my eyes were bigger then my stomache on that one eh.

I'd refine your returns a little bit as they are overstated, test out what starting at different horizons look like, and take a sober look at whether you can stomach it.

Take your time and do some thorough research, and then figure out what you have the stomach and talent for.

I strongly believe in caveat emptor, but I cannot stomach being directed to perform certain steps, then splitting the success once they are profitable, and suffering the consequences of the advice if it does not work out.Taz, I truly agree with your comments, I suppose the liability became even more galling given the profit split.