You can do it with 2 of the 3; a select few might be able to do it with 1 of the 3.

You also have options like 30 Year Fixed, 30 Year 5/6ARM, 40 Year and Interest only (maximizes cash flow).You are essentially acting as your own bank by using the equity and selecting the best rate/term to benefit cash flow.

These procedures can assist you in learning from experienced investors, identifying possible partners or contractors, and making sound investment selections.

A few months later Realtor A is selected to list the lots for the Developer.  

It's a very broad question which is probably more prone to shades of grey than most.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

I assume we wouldn't want to use one of our three selection properties on a property that could sell to someone else soon once the 180 days begins.What if I get a property under contract and the 180 day closing window begins, then the seller backs out?

It is so important in fact, that I'm very selective with who I work with.  

Originally posted by @Carlos Ptriawan:Yosef how do you select the property manager ?

The properties will be selected from their rental registry list.