They are two young professionals with money, they have extremely high demands, they "know already" because they talked to their "xyz professional buddies already." 

I'm really interested in hearing directly from professionals in the field: What are main challenges contractors and developers are dealing with on daily basis while building homes?

The people appear as guests and will tell their story, then you google that person and you find they are partner in XYZ syndication.Linkedin: Look for anyone that has a headline of "I help business professionals create passive income through real estate".This will get you a lot of sponsors and/or capital raisers for other sponsors.  

We are currently considering a wedding/event venue for that purpose.

Aside from disclosures, which I think can sometimes hinder a purchase or a sale, it's a lot harder to play dumb as a seller when you are a licensed professional. 

I have a high income as a healthcare professional, so the negative cash flow I can easily manage. 

Readers should seek professional advice.I believe the Note creates liability for the loan, the mortgage creates a lien on the real property that secures the debt. 

.: Quote from @Jerryll Noorden: No decent professional would take on an expensive job, start and finish it, and then charge you five figures without a contract in place.So, refusing to pay him might end up causing more headaches than it's worth.

It will be difficult for you to learn how to manage rentals on your own, particularly in the most litigious corner of the world.I would consider working for a professional property management company if I were you.

For investors who own or have owned wedding or event venues, what are the typical lease terms you've leveraged?