In my city there isn't a single listing for under a million and people overbid and pay in cash on a regular basis.

They’re asking that I designate a project manager who would be able to visit the site regularly, but is not the GC.

. • Regular monitoring of approved leases to ensure proper actions are taken at the leasing expiration and renewal dates. • Preparation of quarterly reports for the Board of Directors outlining the current status of the leasing program. • Coordination with the Association attorney as needed for enforcement of the leasing provisions. • Assessment and collection of costs for this program from the leased units by the authority of the Community Covenants, Conditions, and Restrictions (CCRs), $150/year.

So, if I am receiving regular rental income, payroll deposit, and such that can be sourced, it can be immediately used and does not require the 60 day period, correct?

Verify that these match the promotional materials and agreements.Completion Timelines and Delays: Understand the projected completion date and any potential factors that could cause delays. 

That way you still make a regular income but don't have to be a landlord.

As for our local rentals in Illinois, we still use the old-school regular key for each unit too.Thank you everyone for your suggestions.

You compromised your lendability by taking write-offs to show you didn't make much so in a bank's eyes, you didn't make much.Any alternatives that are come here (sub to, seller finance) aren't realistic for a regular home buyer.

I learned that I enjoy investing in value-add multifamily which has a great mix of regular cashflow, but also upside upon the exit.

But back to my point, if the W2 employees of the company are also putting in capital on a regular basis, it builds credibility for the company, as well, since these are likely also people with behind the scenes knowledge of the company, but without the same incentive (or market demand) to invest in the deals, like the partners have.