You need to have some skin in the game in my opinion. 

Reading between the lines a bit, I sense you don't want to invest in New York due to the newer tenant laws- but make sure you really scratch the surface there.

Lisa, I understand that not having a physical address "may project remoteness" and on the surface, may "tarnish a perceived land value".

Arsenic is not absorbed through the skin and does not evaporate into the air."

Learn to ride a bike on a flat surface before attempting a downhill backflip.

There is more than one way to skin a cat.6.

Glad you are getting back to it after some health issues, but these are surface additions.

Maybe to get his skin in the game, give a big bonus if it is finished by a certain date and another bonus if it sells by another date at or above some price.He can not manage money and time. 

Be willing to split the profit very favorably toward the partner until you've proven yourself and built some capital to put some of your own skin in the game.For a presentation you would also want to provide information on what teams you have access to--do you have an agent with expertise in local neighborhood pockets, one who will sell for 1%, do you have crews, someone bringing you wholesales, etc?

I want (hopefully) long-term tenants with their own skin in the game.