@Kolin Goff I invest in Saint Louis too (South City) and I just sent you a PM with some info on cashing out prior to 12 months and I think you'll be surprised that pricing will stand up toe to toe with conventional without needing 12 months AND offer higher LTV on a duplex investment than conventional. 

I’m mainly focused on the ATL/GA region but am open to exploring other cities too.A little about why I'm here: I’m an engineer by day and a real estate enthusiast by night.

Or am I barking up the wrong tree?

Are there any potential flaws in the way we are setting this up?

Quote from @Heather Luu: This brings me to another question.

SB-684 makes it easier to develop up to 10 units on vacant lots in single-family zones without needing a zoning change.

Me and a few folks I met at a mastermind group all went in on a joint account a few years back so we could save money. 

We did give 50k deposit up front which he says he will use towards finishing up.

Honestly once the doc was signed, most of deal was on me to deliver. 

After a couple of weeks, I gave up and hired a prominent local Realtor.If this is your situation, I'd look at one of two options:  1) Figuring out how to make it work as an owner 2) Sell and take the loss.