I'm doing this because then I can cashflow the renovation without having to take out reno loans, it takes a bit longer because projects get done as I have the money to do them but for me I prefer to be a bit more risk adverse and have less debt. 

Beyond these examples which borrower should be aware of pre-funding there’s also the manner in which the lender helps the borrower navigate adversity.

When adversity arises, its very easy to shut down, stop communicating and toss around legal threats.

And you probably understand I say that NOT based on my actual ROI $.From an ROI standpoint, I didn't lose money, but I didn't make much either.It got my journey started and it toughened me up for the future.I would never hope that anyone has to go through something like this, but I turned the adversity to a positive and I could never have imagined I'd be where I am now after this.

If my partner wasn’t risk adverse and unwilling to move frequently I would buy a new property every 1-1&1/2 years using this method.

Jay told me many years ago when I lost his money on a deal “A man shows his true colors in times of adversity and not triumph”I agree with Jay on his opinion here as he doesn’t have a dog in the fight.We both met Marco and he always seemed like a decent fellow.Time will reveal all but nuking the fella doesn’t get anyone their cheese back.Just my opinion  

Keep in mind, no matter how many round trips you do with entitlements you will always face some degree of adversity because there are so many variables, many of which are unknown until you start your process.

THE NEW FLORIDA SQUATTERS LAW WENT INTO EFFECT ON JULY 1, 2024 my Brother was successful with an adverse possession claim in CA.. he was not squatting he owned the property next door and the person who owned it died and I guess had no heirs.

While designed to protect tenants, rent control has adverse effects on the broader rental market.

I also don't understand why you would want to tie up your cash so long without the benefits of owning the properties.The scenario of you buying a few now and the rest in a couple years seems to be the most appealing for you both, why are you adverse to that?