These gurus leave out of a lot of information and were lucky to scale that quickly from pre-2012 to 2021, which is really hard to do now in 2024. 

I think a problem if we own it is how the builder would get the construction loan since it is my understanding that in these type of deals, the builder would leverage the paid off land for construction.We would want to be passive.

He paid for common area access, built a bed in his Land Cruiser, pocketed the rent but we had agreement on what the pocketed money could be spent on (seeing we were paying the rent). 

Just curious what is the long term plan as far as minimizing tax in later years as the account in pre-tax become huge?   

That way they're not soliciting you w/o a pre-existing relationship, and you still get to look at their work. 

That's what they are getting paid for. 

Interest paid on their loan or a percentage of the profit?

According to the National Association of Realtors (NAR), as of 2023, housing inventory remains 40% below pre-pandemic levels, leading to heightened competition in many areas.To be considered a neutral market, not seller's or buyer's, the specific market center would need to have 6 months of inventory.

You need a proof of funds or a pre-approval to go with any offer so if it's hard money, they will issue a letter.

How many years would it take to get $360k in your bank account based on the rental income if you paid all cash?