Your loss is limited to the amount you invested.You can sell shares of publicly traded reits on the stock market during trading hours.

I always make sure that the draws are commensurate with the amount of work (and specifically the trade) performed to date.

They usually have the rent amounts listed by bedroom count.

Rates are typically higher than a traditional cash out refinance, however at least you are not getting the full loan amount + you have the flexibility to draw/tap in the money whenever needed.

When you underwrote the deal, you assigned some dollar amount for repairs and capex.

Quote from @Carlos Lopes: Gross income doesn't matter.This is the number most people post, and it's 92.7% useless.What you need is NET income, meaning the money left over after all expenses, and that should include a dollar amount for your personal time spent operating the business. 

We will be drafting up a contract for the lender with X amount cost to build/finance.

I've dedicated a considerable amount of time to reading books, tuning into podcasts, and educating myself about the real estate market.

@Jared AppelWelcome to the community and be ready for a huge amount of information at your finger tips.

You could make the same amount of money (or more) without the time, stress, or energy required as a DIY Landlord.If you do decide to manage yourself, you need a quick education.