Won't the bank only appraise it at what comps are selling for when your tenant is ready to exercise their option to purchase? 

The developer’s role is to find the deal, determine highest and best use, hire the right architects, engineers, GC and realtors, arrange financing and lead the team to the finish line. 

Join the Board of directors and attend all meetings.I am a property manager in NJ and the Board plays a huge role on how the PM perform their duties.

As one of the ways to avoid such case, is to give everyone a role in the partnership, even something small.

No doubt that someone in college considering quitting should have go through this exercise before making such a drastic decision.

The LLC never generates any income, its only role is being listed as the beneficiary of trust that we create.

I have even been applying for assistant property manager positions since I had reassigned from a security officer role at my local casino.

I have a partner who wants to invest with me, and I'm trying to figure out how to best set up a legal real estate partnership.My goal is to have a legally binding document that outlines roles, responsibilities, and profit splits.

If I'm able to raise enough funds, then I may earn a GP role where I can attend the meetings and add my vote.All sponsors have skin in the game and our interests are aligned, and so far what I know is the GP compensation is upon sale/refinance of the property (estimated in 5 years which is likely to be during a down swing in the market). 

This bible verse has slowed my role so many times & has saved me from financial disaster, “Enthusiasm without knowledge is no good, haste makes mistakes.”