You want to buy when market is tired/stagnant and sell to FOMO buyers when inventory at ATL lol kind of same principle when buying/selling stock lol

I come from the mortgage industry as a loan processor and a loan closer and those legal docs templates we used were created by a  real estate attorney, therefore, it's the same principle that allows a TC to do the same thing.

Luckily, I didn't need to tap into these funds for the initial work but I have a choice given to me: either have the contractor do more work or have that money go towards principle. 

Just like everyone else in the world, I exchange my time, work ethic, and knowledge for money.  

.- Contacting to the seller directly is un-ethical, this is not because you are by-passing the agent but because the seller is not a real estate professional, and he might disclouse things that affects him on the deal that will make the negotiation tougher for the seller, in which case it will be a lose-lose situation for him.- You should look at talking with a real estate attorney if you want to know more.

The principles outlined can help you create your systems/processes.

My thesis was raising $50M to start a mortgage note fund, so that was basically a good start to my business plan.What I really liked if I was new was the accounting, the risk/return correlation on single assets and on a portfolio, along with some ethics and law courses which were helpful.

It could also teach your kids about having a good work ethic and setting an example for them by seeing the rewards of investing time (and money) and effort into something. 

I had to switch GCs mid-construction due to differences in work ethic.

Don’t forget ROI includes debt pay down so it has to include the principle portion of the loan payment as ROI, I don’t see that listed?