This will give me the steady income alongside deal flexibility.

Again only with people with good credit and steady pay checks can do this and is a better alternative to hard money.

It's a fee based service but you can track the agents' progress online.

I'd be interested to see the progress.

I will keep you posted regarding the progress of my project. yes my job will be a full rehab ..I can imagine knocking down some walls to open up space looking for a more modern layout ..moving electricity, refinishing/putting new flooring, gutting kitchen, new cabinets, counter tops, full paint outside/inside ..possible new deck, yard, possible cosmetics in the basement (new carpet, finish walls etc) ...properties selling for under 50K in my area are needing all that ..I hope I will not discover too much while opening walls. most of those houses are winterized with no utilities running ..so once I switch electricity/gas/water on ..lets see if the thing will not fall apart ;-)

The hold back is then released as rehab progresses.

Fix and Flip a few houses a year for those larger profits and then in keep 1 as a rental for the monthly passive income. this will help you establish as that a steady stream of passive income monthly and larger chunks of change for the saving account. it is possible.

I'll be sure to keep everyone on BP updated on my slow but sure progress towards commercial real estate. :)

I am hoping to graduate from flips/rentals to specs, so hopefully I can learn more by following your progress. 

New forum that will feature the progress of projects, including New Construction, Land Development, Remodels, Fix and Flips, etc.