Networking is also crucial for success in real estate, so look for local investor meetups or connect with others online.

While there are definitely benefits to running a fund, it's tough to achieve success with funds as a beginner because oftentimes investors are attracted to the track record of the person or team running the fund. 

Absolutely, creating a baseline business plan is a crucial step when starting in real estate (or any field) because it provides clarity, direction, and a strategic foundation for your efforts. 

Please continue to keep us in the loop on progress updates from the city & builder so we can track with you. 

Perhaps you can provide a funds tracking and proof of funds to your investor.

It's gotta grab people, draw them in, stop them in there searching tracks.

@Guenevere F.When I started in rental property investing, I found it crucial to set clear goals, leverage existing skills, and focus on scaling gradually.

Proper documentation and consistent reporting are crucial to ensure compliance with IRS requirements.

Hire a company/person that is solely a QI like @Dave Foster they do it every day and will keep you legal and on track. 

What I see a lot of people do is overthink it and then either stop in their tracks, or wait for years to get started due to the overwhelming data that they get on what they want to do.