Welcome to BP Nation Blake, you are in one of the hottest markets in the country right now, plenty of opportunities once you get educated on RE investing.

If an investor is not a real hand-on person or have plenty of other projects to keep them occupied, they should not take a DIY approach.

Or at what point could you outsource management and still have plenty to live on?

We've done plenty of deals together and I've been on both sides of deals.

I too am just getting started and I have plenty of time and not plenty of money.

There are plenty of folks that ready and willing to help you.Happy Investing!

But keep in mind, they are extremely 'popular' and have plenty of other 'offers' (::cough:: bribes).

There are also plenty of rentals in my target area where the same tenant has been there for years, which is even better.

Other than increasing my return a bit higher than this 6-7%; is there a way or ways I can minimize my risk i.e. taking a higher position (1st), taking collateral, offering in draws in conjunction with the build, ensuring there is plenty of equity along the way, and ensuring that the builder has at least 20-25% skin in the investment with me?

The rotten (has plenty).