I figure the worst case scenario, I don't sell anything but I gain a very significant amount of experience and knowledge about real estate (I would be surprised if this happen though as I do have a lot of sales experidence).

And good point on the the “free refinances for life” selling point, they really make it sound like it’s a unique feature.I’m having some better conversations with Quorum FCU.

After the property is built you'd either sell or refinance 

I'm wondering if that's the same as purchase and sell contract??!!    

If you sell an investment property outside of Section 121, you can defer your taxes as you scale up via a 1031 Exchange.Governments, rules & incentives change, and markets change.

Otherwise it’s families/friends/partner/sell stuff/personal loan/borrow against something else or see if someone will do a 2nd for 10%. 

They may be able to finance you at a low down payment if you have experience, reserves, and FICO as long as the 65% of the value can support the entire purchase price  I wasn't saying 0 down, but the concept of full return of capital. 15% land purchase cash. in columbus land is let's say 50k we build a triplex for 350k which is very close to 15%. small entitlements, reserves required, etc whatever lender asks for. multifamily sells for 200k per door in our market over 4 units, we are pushing the values up. first ones we are working on because of rezoning, etc but it's a full refinance on 6 month seasoning and do it again. that's the scenario that I was outlining. we do it in the urban core of Columbus where new construction trades at $325 a square foot or more for higher rents and higher equity. we could still put more units per parcel in columbus. these are all infill I hate Lehigh acres. overbuilt, no infrastructure, no commercial drivers or asset.

It appears that the appears that very low investment minimums are a key selling point. 

We have also decided that family always comes first, money is just money and if something happens to our partnership or management style we will sell the building.

I want to sell it and move to Virginia.