Since in the sponsor - investor platform the investor is giving up decision making to the sponsor, there needs to be a legal structure offering the investor recourse should the sponsor not act in the investors best interest, or prove incompetent to manage the enterprise.3.

Matt that is the NMLS number for the company not for you personally  sounds like your a VA or something not a licensed lender..

However, I think for the average person this is probably not true. 

I know Walter personally.. he knows a lot about real estate from many angels..

I am not a realtor, so I cannot give advice as though I am one, but there are some guidelines that I have used personally over the years, with great success.

Depending on person it's in the teens.

Personally I am thinking 1c.

When you say "we," are you speaking about your business or your personal tax returns, or does your business flow into your personal returns because you file as a sole proprietor?  

I was originally looking for investors to take on the entire development.

The biggest mistake I see out of state investors make is relying on others too much for direction and guidance instead of doing their own due diligence and building their own team that they actually meet and interviewRelying on one person who alleges that they have a 'team' built already that you can use as well can be a costly mistake.