The benefits of it too are contractors who see this who may not be the most honest look at it and would never sign it in a million years.

@Taz McDole There are about a millions routes to go with this.

and the front doors looked like dart boards  LOLWhen U drove around town the worse looking props were his LOL.. but at the end of the day I suspect when he died his props were worth north of 50 million. 

You may have a license and not be in business....but in the eyes of the government, you have a professional license to practice a regulated activity, and will treat you no different than the guy making millions per year selling real estate.Cost is the other overlooked item. 

I do have a few ideas in which I might approach some of my friends and relatives who were too risk adverse to become Venture Partners.Generally, they don't even make more than 3 or 4% on their money.After watching me create millions of dollars of profit for my Partners and I, they are willing to trust me if I give them a better return on what they currently earn.In other words, they consider me a Triple A Bond while the Note Investor who has no personal knowledge of me thinks I'm a Junk Bond!

Over the next decade, the US is poised to add more than 10 million new households.500,000 new rental households per annum through 2025. 

Figure the lots are going for $500,000+ and add the cost of building puts you at 1.5 million plus. 

However, if you  are looking for a commercial loan of over 1 million then FreddiMac has a product that has a 30 yr Amortization.But conventional mortgages for sure should do a 30 yr amortization.

Look at landlords' levels of deferred maintenance, tenant buy-outs in the millions, tenant force-outs, etc., etc.

Of course, this is a pretty far-fetched scenario but it does happen from time to time.