Seems to me my “permanent note portfolio is basically a passive investment, while my variable note portfolio is somewhere between business and investment.  

I don't know about you but I am constantly on the hunt for consistency, consistency of income, of deals, of productivity, in my relationships...so that's my focus in all things not just real estate.So my vision to your question is a a state of total consistency of income and deals.I'm focused on the basics, which to drive me is even more specifically "making offers."  

SEO is a commitment did your not dedicated to that type of marketing use a basic website.  

This just covers the basics: how many people, do they have pets, what is their timeline for moving?

Then it's simple, build the home, find crews to do the work (you should already have them basically from the prior step), excavation, concrete, sealing, framing, roof/gutters/siding, windows, insulation drywall, plumbing, HVAC, electrical, finishes, etc. basically in that order.

I have a very basic understanding—I used to be a real estate agent, I currently work as a property manager, and I’ve read a good number of books.

Basically wholesaling to myself with my first purchase. 

I recommend everyone always create their own IRR calculator as they can get pretty complex and oyu will want to understand all the inputs and outputs. we provide a basic one to those in our membership group but I always recommend build your own and understand not only the numbers but sensitivity that lines up with those inputs.If you are hard money lending thats simple as its just a column of dates and amounts for loan provided and monthly interest and points.

On the lenders title policy is an exception "Rights of claims of parties in possession not shown by the Public Records" which Sally was in possession of the property at the sale and the seller was basically fraudulent.

Hired hourly handyman and friends to assist me in upgrades of windows, door, cabinets, basically all new fixtures in 12/2009.