The excess capital generated by the real estate business is used to passively invest in real estate opportunities.Sure, this model is a lot of work... but to exactly John C's point above, i'm not in a rush to leave behind a career that I enjoy, find fulfilling and pays for more than 100% of our lifestyle ... only to 'retire' before the active real estate business has started generating at least as much as the primary day job does.

If they never get money out of him, that's going to set the stage for the city to have no power to enforce their own rules.I agree, they are not on the land owners side and they are a pain to work with.

They will give you draws as you complete different stages of the project. 

Once you're past the "hoping" stage and have a contract is the time to stipulate how you will acquire the property. 

Most of the individuals posting here are well past their primary purchase and are working in the 25% down investment property stage.

My fear is once it gets to the "open house" stage, that's not the deal I'm looking for.

If you have (access to cheap) financing to double close, and stage the house before selling you could make nice little profit with minimal work...

Usually in a central account, when one property is not cash flowing or has an emergency that is in excess of their funds, the manager basically uses the funds from other properties to cover the overage.

Use the excess cash flow from your rental to pay off the equity loan that you used to buy the car.

It's unclear to me at what stage of the process you are actually at.