It's like a baby you have to nurture (pun intended), be consistent and focused in your approach and things will work out

I had no clue that these days w technology and efficient processes, I can build a sweet cash flow from wherever I am in the world---and with Covid allowing more digital real estate signings, zooms, agreements, etc, I'm sold (pun intended)!!!!

On the flip side (no pun intended), we bought the house during an equally competitive time and waived inspections.

It is simply a function of living on this earth, and driven by a reality which is inflation.As an example of the above, don't all salaried employees expect or - at least "appreciate" (apologies for the pun) - a raise each year?

Now, on the flip side (no pun intended), many flippers/contractors can keep project costs' down and hit their timelines no problems. however, you guys are just starting out and taking on a big project + a contractor who you guys are unsure of.

It is a "nothing gained/nothing lost" situation, pun intended.

@George Frye Hey George, First, you need stipulate in your operating agreement exactly what "incidental issues" are and define the other partner (silent partner).Secondly, you can do this in two ways (no pun intended):You go 50/50 with the silent partner: Basically, you do all the work and they get 50% of proceeds (not revenues)Or you give a set annualized return figure (say, 10%-15%) and pay that to the investor every monthTo conclude, make sure you have a contract drawn up and signed.

No pun intended haha

Of the flip side (no pun intended) if you are wanting to pursue the buy and hold strategy, you will probably be financing some of the properties.

On a separate note (no pun intended), in the US you can also purchase mortgage notes directly.