So if I can get to the point where I have OTHER people paying MY mortgage, that's a big milestone in my eyes. 

The Columbus Region Comprehensive Economic Development Strategy (CEDS) was released for public comment by the Mid-Ohio Regional Planning Committee (MORPC), and it's looking bright in the capital city...the Columbus region is reaching the milestone of a 20-year population boom, with 40% growth from 2010-2030 and no signs of slowing...investing in Columbus might be the best decision you'll make as a long-distance investor.Buying duplexes...the last 12mo. average sale price across the market is $260,000, or $130k/unit...buying 4-unit properties...save some cash and plan to spend about $109k/unit...Almost forgot to mention...80% of that growth is projected to be single folks with no kids = rentersWhat's more interesting?

Also, congratulations on such a milestone!

Find a good one you trust and leverage their relationships to build out the rest of the team.You could set up draws for yourself at certain milestones to get paid if the capital is open to it.

Typically, a developer needs to do the early stage work and run numbers based on preliminary data to figure out two things: The 1st is define what the Planned Project is all about (Highest & Best Use, Density, Finish Levels, Cost, Income, Expenses, Capital Stack (Debt & Equity), Partnership Structure with an Investor, Holding Period and so on.The 2nd is for the Developer to figure out the deal structure with the Landowner; If a purchase, settling on a fair due diligence period that will allow the developer to close at the time the Project is “shovel ready”, the milestones associated with the permitting process and the earnest money released to the Seller as the deal progresses.

Before you can collect rents there are many laws and guidelines to follow and milestones which must be met before your building qualifies for its occupancy permit.Good luck.

Following closing the contractor started the rehab work and was paid by the loan consultant in milestone payments.

I personally have a Power Point template where I display the Executive summary and fill in the info, screen shot data from whatever calculator you use, and have some sort of display on major milestones of the project.

We cover materials, then pay for labor at the end or at periodic milestones.

Then you should pay each following installment after agreed milestones - and make sure the work is getting done.