One school of thought is, as the article states, the hedge funds, private equity firms, etc. buy these notes in bulk, skim the cream off the top, and sell them to the firms "downstream".

You need to go work for a developer first.That's how I learned that business.I wasn't an employee but a friend had a old coin laundry built in the 60's and a developer was approaching them to sell for redevelopment.My friend brought me in (as an agent) to help negotiate with the developer.The developer then brought me on to help with assembling the other 20 parcels on 25 acres for a new mixed-use retail development as they were impressed with my negotiating.Over the next 2 to 3 years a learned a lot about development.I was mainly on the front end doing land assemblage however I was included in many meetings and learned a lot.How long the development takes is about funding,structure,politics,timing,and size.The bigger the size the more it impacts an area and the more regulations and controls they put on it.The developer can typically partner with the land owner or set up an equity share structure on the back end.The developer typically takes small consulting fees during various stages of putting the land together,meetings,first phase of construction,etc. until completion.They make the most on the back end when they have performed.A project can have more than one developer or a single company it just varies.I haven't done any land development in years.Most developers are taking cash and buying reposition plays in good areas for less than build cost where they re-skim the outside.New development is still ongoing but it's in really great areas that are a safe play.From what you have stated you are not ready to take on this task.The money you think you will be getting will pale in comparison to the lawsuits that hit you when you screw up and lose people's money from inexperience.Don't think a disclaimer will protect you as they will come after you anyways.Why don't you list the land and market it to developers and take your commission that way and let the developer take the risk??

But even with Bars on the Windows, thieves always would find  a way in, like in the old fashion Milk shutes.....They would slip a little kid in the milk shuts and they would unlock the doors, so we had to seal shute the milk shuts.  

I can see the numbers on a page, skim it, say yup this seems right, and then put the job on the schedule.

So my occupation is pretty interesting, I drive Semi-Trucks hauling Milk from local Dairies to Darigold Plants everyday, about 60-70 hours per week.

The landlord was a softie, he had an "on-site" guy who I think was milking him, and he was just exhausted by trying to keep up with the place.

Last time I checked, most anything that can be legally purchased, be it milk alcohol or guns, is done so in a properly zoned area.

I will not support a re-match, since Bob Arum is milking his fighters.

Even after a mark-up the discount price is still more than 25% below retail.It sounds like your PM may be milking you.

I just made it to the last of the posts, skimmed through all of them.