The general idea is that you must acquire an interest in real property you do not already own, and since you already own the subject real property you want to build on, the transaction must be structured so that you are creating an interest in real property you do not already own (in fact, it does not yet exist).

I do generally agree that once someone has their person, they are not going to be very open to switching. but if you can prove yourself with someone building that team, you may find yourself in a great position. 

You have to have confidence and the Sponsor needs to build a relationship with you if he wants to be sure you have some insights into the risks of the types of deals you would be funding. 

It sounds like you've been through a challenging process, but it's great that you're continuing to build your portfolio!

New-ish investor looking to build a rental portfolio in the Hartford, CT area. 

This can encourage positive word-of-mouth and build goodwill if they’re ever a reference for your property.Ultimately, focus on fairness and clear documentation.

Hi David, If building long-term equity and scaling quickly are priorities, then option 2 aligns better for you. 

Investing in Peoria sounds intriguing, especially since you’re drawn to the area and its industrial charm.

We manage a bunch of ADU’s and higher density new builds for investors in Raleigh and Durham.

I would recommend just reading up more on both industries and make a decision from there.