Your project is a new development just like any other builder and is the creation of inventory for sale, meaning you will have a hard time defending that your intent was to hold these units as an investment.

Are you looking for cash flow or wealth creation?

The successful focus on creation, and they typically work much harder than the Average Joes.

QOF entity creation process – My understanding is we create LLC partnership and bank account and transfer money.

That would be ideal and create major cash flow and equity creation, plus you can not worry about a property manager and boost your yield.Renting is just throwing away money ton pay down someone else's mortgage.

QOF entity creation process – Myunderstanding is we create LLC partnership and bank account andtransfer money.

@Tony KimI agree with San bernadino being further away but Inland Empire is booming with their own job creation and rental yields.

We are attempting to get a lot more organized in our estimations and budget creation for projects. 

In your position you can focus more on wealth creation opposed to receiving max cash flow. 

Have a dialer where you can listen in on what they're saying, just to check in here and there and make sure they aren't scaring away your leadsThink about it like this: If your average deal is $5,000, and it takes 3000 calls (or ~32.5 hrs based on 30 seconds for every call that doesn't pick up and 9 second average for all of the ones (25%) that do) to find a deal, then cold calling is about $150/hr in value creation.