You never know when timing will work out in your favor, but it's not "luck" if you work your system consistently and it eventually pays off :)

If the tenant pays half of the rent on-time, you can only charge 10% on the remaining balance. 

I can inspect it and pay someone to manage it but I am on a steep learning curve for building it.

Sale-Leasebacks have inherent challenges because the tenant/seller is incentivized to market the property in such a way they get they price they want, but if the entity who signs the lease is weak and there's no personal guarantor, they could stop paying rent the day after you close leaving you high and dry with very little legal remedy.I don't know your market, but in my eyes, any 10% cap offering is either an extremely weak tenant OR a tenant that has very little term remaining with no plans to renew.If I were, you I would very seriously consider how much I like the real estate and what my odds would be of refilling the real estate with the same or better rent and/or a better credit tenant once this tenant goes belly up.

I’m looking for some feedback or advice into this process.Thanks in advance for the feedback.Art Hey Art,You are going to be paying 8-10% for the construction loan, and might be decent amount down.

Their crew wil come out and finish the edges on site, drill sink holes, etc....

If you miss the HOA payment, which is different than the transfer fee, the person on title will be notified to pay up.

I have not used one of those sites.  

I'd love to check out the site to get a better idea of what it is. 

AFTER paying the public adjuster the claim settlement came out to almost $200k.