Once you find a potential tenant, you have to go through a Housing Quality Standards (HQS) inspection, which can take a while and may require some repairs or tweaks to pass.

Quote from @Rocco Forte-Adragna: Hey Biggerpockets people, My name is Rocco Forte, I’m 19 years old, currently in college, preparing to take and pass my real estate exam this December.

Oh and how many years did it took the US Congress to barely pass an infrastructure bill? 

I feel good about how our company leadership is protected and our son's ability to provide for his wife should he pass before her.

@Danny RandolphYeah, I’m currently in the construction field and we usually get a 20-40% deposit, then get draws after certain stages/inspections have been passed

My current focus - what is the process once a family member/individual has passed and lets just say in a perfect world probate has been filed and the respective family is now thinking about selling the property.

Extremely difficult to pass and I bet you didn't know that you had to get it reinspected again in three years.

Two years has passed and all the properties are worth even more now.  

I actually have a house on the market that has been listed for about 60 days - still gets interest and a couple offers, but nothing worth entertaining (if it doesn't sell, I'll just rent it out again).

So these are mostly regulatory and compliance risks.Those risks are still there for a note fund, but they're not passed through to limited liabilities partners participating in the fund.