You have to have skin in the game.   

Then they can own a property for the best years of the properties life and appreciation is forced through the continued rising construction costReal Estate is a long game not get rich quick.  

But, sales/raising capital, especially when you are just starting, is a numbers game.  

If I were you this would be my game plan.1.

@Stuart Udis you sound like one of the good guys :)  This line is GOLD, "90% of people who post on BP about entity formation or transferring properties from their personal name to an LLC cannot articulate the risk they believe they are protecting against"Its a game of risk/reward.

Very possible biggest factors are can you find the deals that will be profitable (I work with auctions and that varies hugely) and how fast can you execute them and move to the next one, remember that you have time on the market and closing time once under contract (usually an extra month) before you get the capital back out. 

New construction is very low margin game...

Normal wear and tear is prohibited in Florida; your state may vary. 

When you get into development, particularly larger developments like major apartment complexes and/or subdivisions, the game is heavily focused on political connections.  

The final bid price varied depending on the property.