Quote from @Michael K Gallagher: Quote from @A Rao: I invest in land and have done entitlement/zoning and other DD work successfully for years.A broker called me this morning on a property I have on a busy interesection and has a QSR client who likes the location, but does not want to do a ground lease, only a build to suit. 

Have recently started a renovation company with a friend, both of us successful business owners and talented in the trades.

Wishing you all the success! 

Welcome Surya, I work the Atlanta market.  

Had excellent success self-managing as an Airbnb in the winter months and switching to a mid-term rental the summer months.

The guru your son is learning this technique from is likely not telling your son that the deal will almost certainly encourage your son to get an "off-market" deal from a "wholesaler" who is unlikely to properly disclose the details of the property or encourage an inspection. 

From my observations of successful investors (those with 100+ units and 20+ years in the game), there seem to be two camps: those who are pro-partnership and those who avoid them.

Using percentages as a guide to success tells you nothing of value. 

In Michigan, the ultimate garnishment is state tax refunds (federal cannot be garnished).Not seeing how you are going to successfully do this on your own - remotely:(

Fairmont is a good little market!