When you raise in a pool interest starts at a certain date and you have to be very careful of drag on the money IE payoffs with no new fundings.. but still owe the investors their return.. this sunk a lot of funds during the GFC..

my key question was around trustee for these land trusts. i can work with the specific legal company to have their trustee initially, and then have a resignation deed which designates me the successor. should i do all this or just have myself as the trustee from the start itself?

A little bit about my experience in Real Estate… I started a couple years ago doing some house flips in Detroit ( It was a 2 year plan) then decided to sell everything, moved to Washington DC which can’t afford anything in the DMV area but last year I purchased a very nice 3500 SQFT Duplex in Shaker Heights, suburb of Cleveland. 

(I'm in Cleveland, OH) I'm happy to look over your PM agreement if you want an extra set of eyes, always seem to find something of value in those! 

Hi, I set up a Solo 401k last year to start funding my investments in real estate.

I would advise starting sooner than later.

i think you had posted in another thread about starting out of state, and i'm curious where you chose.are you talking to lenders already? 

To be honest, this sounds like a scenario that would be very difficult to start off with.

With property taxes and insurance on the rise, some investors are even seeing neutral or negative cash flow at the start.

There are no more new large projects started.