The good news is you understand the basic concept of unearned income paying your way into retirement and beyond.  

This is the most basic level of protection and it is not very effective, but it is still better than nothing.

Schools Basically, anything that could bring a cash flow.

I have experience in office/managing projects I'm sure there will be a learning curve, but one we believe we can accomplish. 

I think the couple are playing games with me and will pay May's  as close to the end of the 30 days as possible and they basically will owe me again for another month for June.  

They are the ones who also have the mortgage office which is what a lot of the servicers use but that is an overkill and way to expensive.I also know some people have created flows withing clickup and other project management systems. 

However after all the work thats required which includes landscape, parking lot, fencing lighting and interior/exterior work, it looks like the presumed cost of remodeling it will be double that, although Im not positive (still taking bids).Ive priced a comparable property in our area which has similar square footage and lot size and they seem to be going between $700-800k, and so my question is: based on a higher than expected construction cost which is necessary to finish our project, one which will exceed the amount of money of what a similar property goes for in our neighbrhood, should I continue with this project, or an alternative plan would be to simply beautify it for approximately 100-150k and ditch the plans, and flip it instead for approximately 700-800k now that its zoned commercial.My fear is that if I do invest the moneys to finish the project over the budget I initially priced it for, and the business doesnt take off, I would initially lose money on this investment.Thank you for taking the time reading this.

Otherwise, you're buying "secret sauce" projections, not real data.Hope this helps!

Hello everyone, I am super new to real estate investing and had a couple questions. When figuring out the area I would like to invest in, what are some important things to consider? How do I locate owners info? Thanks...

I am in the construction industry mainly working on commercial real estate projects for the past 7 years.