It technically still is considered financing but it is hard money so only looking for clear title and appraisal .

The fourth thing is to vette the property knowing liens against the property, zoning, environmental issues like wetlands, flood zone, availability of utilities, condemnation, code violations, and more.

Technically everyone was a stranger before they moved in and we've never had any issues of stealing or squatting or any type of damage to the property.

Another issue that I don't find the solution in the syndication literature is how do you finance the interest paid to the investors when there is zero income during the construction.

@Kofi ThompsonTwo issues to deal with1.

A 1 agent sale is being considered as an option the only issue is how to keep the agent unbiased.

@Lloyd Schroeder and all others wondering on this issue for the St Cloud area. 

very, very difficult to start out of state.here's a post that goes into these issues in tons of detail.https://www.biggerpockets.com/forums/48/topics/1159104-overl...you're in texas - you have lots of markets and submarkets. no reason to go out of state.

They should be issuing you itemized statements on a regular basis that will break down maintenance, management, utility costs, rents received, etc.

This is going to be a bigger and bigger issue for real estate investors in the near future.