Something you and your brother have going for you is that whichever place you buy, you've got Prop 13 rewarding long term ownership on top of all the other stuff going on.

According to My search for builder around the town I think I found a good quality builder and I want keep him around as well as fair reward.

@Andrew SavikasThe problem with a "diversification of notes" approach is that it doesn't take into account numerous factors such as risk types, market types, correlations, etc.

Thanks for sharing and enjoy the rewards of a hard job well done!!!

Welcome to BiggerpocketsYouve come to the right place for help.there numerous threads and podcasts on getting started.Many start with savings for down payments

But Ben comes in and underwrites this at $500,000 because he knows the $150,000 to get it to market only consists of $70,000 hard costs and the $80,000 is his reward for taking the risk and for his time.

-i searched on google maps and it has this amazing feature that allows you to see the street in "3D" so with the mouse on my computer i "drove" around the neighborhood i would like to wholesale in, (where i think the best deals FOR THE BUYER) will be, not for my personal gain. with wholesaling, when doing research on properties, its easy to get excited about what you can potentially make, but anyone who has read "think and grow rich" knows that any profit is a reward. my motivation for wholesaling houses in the "hood" is because it is my home.

There are numerous risks that those flipping houses face, that buy and holders do not, most obviously market risk (cycles) and time/delay pressure, but also people management (contractors) etc.

Get signed up for Pro Rewards (You qualify cuz you flip/own investment props)  I think we can help you NOT over spend on improvements.  

On a home that had been properly rehabbed, this should be a sound financial investment.Considering the fact that you are investing in real estate with unknowns - tenants, unforseen maintenance issues, insurance claims, etc - to me - a 4-5% return doesn't seem like an adequate return on my investment (risk vs reward).