That's precisely it Chris.

Then you want to take 25% of the remaining equity, and I'm left w/ barely over 2/3 of my investment (67.5%, to be precise) left working for me before you've created any significant value.    

I feel like I have a good idea of what to do to start my buy and hold strategy, now I just need to execute with precision.

 That is precisely my question as well. 

I've done some outside projects before but I'm looking to tackle bigger projects and need more precision.  

Speaking from experience, it is precisely as John says, making the work far more manageable for the contractor if a particular phase can be focused on, and with the ongoing cashflow by way of draws it helps to eliminate any potential issues with the guy "running out of money". 

Okay, that is precisely what I am asking.

So I was originally thinking about wholesaling to start but after listening to some podcasts it seems like that is really difficult to do since it involves much precision (one of the casts recommended it for the experts). 

Then get your pro forma very precise during diligence before close.Hope this helps.

The whole concept of a contract is not the legal terms and out foxing someone, but it serves to document the agreement, clearly and in precise terms so that anyone can understand who said and agreed to what.