Really making sure that you stay on top of that person (contractor, you, architect) on the ball by following up with the city to get that permits done in a timely fashion. 

Hey Daniel,Currently operating in a similar fashion in PBC.

You and your husband were very smart to ask Open Spaces good questions and not ignore the red flags that surfaced through the process. 

@Barrington Smith I'd be happy to walk through this deal in more detail via phone of webinar if it would be helpful, but at the surface I have the following thoughts:- I'm unsure what T5-0 entails, I'm assuming its some kind of mixed use. 

In a similar fashion, if you can imagine how much landscaping and underground infrastructure is in a golf course as compared to the clubhouse, that will give an indication of why an extremely high percentage of the property's value is allocated to the land improvements.

Other than maybe investing in a REIT, very little of it is really passive, especially since a lot of the advantages of real estate relative to other investments revolve around the fact that you can *actively* participate in some fashion and end up with better returns than other, more passive investments (a mutual fund, for example).

You summed it up in brilliant fashion.

Borrowing money in any fashion is irresponsible if you don't know what you are doing whether it be from a bank or a friend. 

I don’t know if there will be some recourse to PayPal but it’s definitely business transaction.CashApp is free and takes 2 business days to get money into my account, however, I’m thinking if a tenant pays with credit card (you can attach debit and credit card to CashApp), then it might be same situation.My Tenants usually don’t have good enough credit for credit cards to pay rent, but potentially it’s possible.CashApp amounts to transfer depending on the bank of the Tenant: some can pay only $500/day, some had to pay fees because their account in a credit union.It seems like old fashion way to deposit money in the bank looks more reliable. 

On the surface it looks like it can work, again people are doing the very same thing right here and cash flowing pretty well.