Maybe if someone can summarize how to go about this?

A co-worker actually paid for his classes and sort of summarized the concept to me, you make a proposal to an investor and if they like your plan, they may invest and if you follow certain guidelines for properties you will make money.

If that sounds complicated, that's because it is, and it's hard to summarize all the specifics of how to best handle that in a forum post.  

They not only record the agreement but also help identify ambiguities that might be overlooked in conversation.So I agree with others: find a contractor willing to sign a written contract.If not, consider summarizing your chats with the contractor and sharing them via text or email.

Account Closed-to summarize your question "how can I make money developing in LA when I live somewhere else and I don't know what I'm doing?"

To summarize what should follow is this: selling pressure, lack of buyers, and sudden shock to business and commercial real estate MBS' will have a roll over effect into all real estate.

Hi, Ke Nan Wong does an exellent job of summarizing it. 

I'm personally more drown to the big upside plays but, have been finding recently more deals that are solid buys with modest value add components.All of that said, I think you summarized pretty well.

Your post summarizes why many local long term investors have put F-V assets on the market in the last several years.

The information in this link, https://www.fuquay-varina.org/890/ETJ-Expansion, summarizes the Fuquay plan to capitalize on future city tax revenue by expanding the ETJ (potential city limits) from 8,739 acres to 22,049 acres.