This way when construction is complete, the base rent is not the artificially low rent that was charged during the construction.  

@Nadia DaggettWe are at all time lows for foreclosure so we absolutely will see an uptick we will see from both fix and flippers and home owners and rentals, especially those that overpaid the past 3 years.

Yes, it costs a lot to go with REI Nation, and the cash flow is low, but they have an excellent reputation.

I wanted to protect them, while on the other hand finding ways to creatively maximize their take home while keeping our risks low due to the potential upside of the deal.

A PM essentially is a team in a box - you get maintenance, reservations support, housekeeping all in one spot for a premium. 

AG exempt land has very low carrying cost.

If it's a unique property or your credit score is low, you may be capped at 75% LTV.

So I wanted to protect them, while on the other hand finding ways to creatively maximize their take home while keeping our risks low due to the potential upside of the deal.

My ultimate goal is to have $10,000/month cashflow in about 10 years time with "low-effort" REI to afford a mortgage in CA :)

Additionally, we cover the costs of internet service, as well as landscape and yard maintenance.