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). 

@Terry Fox I'll look at this two ways as someone who works with investors & who is an investor:As an investor: There are plenty of deals multi family wise in the Hartford County area (non war zones of course) that you can buy at a good price that will cashflow.

I have personally profited over $150k in flips in 2014 alone by deals that I've picked up through this club and plenty more in the pipeline.Don't be shy.