I could give you a pep talk but Mama Poe is much better at that.There is no question that when when I first started attending the attorney's Bar meetings, the only thing that I could do was pay for my lunch, eat the rubber chicken, listen and take good notes.

And with for every minute of the day, with every step you take, bite you eat, place you sit, stand, work, play, shop or sleep you are paying for your real estate or someone else's.

Where do they want to eat, shop, hang out, etc?

I stopped going out, eating out and really became a penny pincher the whole year hahah.

The home is the bait pile and the buyers are all coming to eat.4.

Repairs, no matter how small eat into cash flow.

If it takes you two years to get permitted, you would need to find land that already has plans that have been approved, otherwise the carrying costs on the loan will be too high and eat any potential profits.As for financing, finding money from a bank or anyone, for spec construction right now is extremely difficult, and the fact you aren't a contractor and don't have any experience adds to that.You mention buying the land and using it as a down payment.

I'm thinking I will oversee the project because a general will definite eat into the profits with their added costs.

OTOH, if you agreed to split the work 50/50, you're willing and able, and he's unilaterally decided to take it over and charge you, I can see where you would be upset.I have at one investment where these management fees eat up pretty much all the money the deal is making.What if more money is needed?

I won't have a car and not 100% sure on timing, but I thought I'd toss the idea out there to see if anyone is around and wanted to grab a drink or bite to eat.