Close to SAC too, so that's a plus. 

Quote from @Denver McClure: Hey @Guy Keren, I'd suggest reaching out to @Matt Solis if you need a great agent in DFW.Thank you so much Denver!

Most often the terms specify that distributions are first paid to satisfy the preferred return and second they are paid to return capital, so the capital account would look like this:$100,000 starting balance$8,000 preferred return accrual($8,000) preferred return distribution$100,000 ending balanceIn year two, there is another $8,000 due, etc.But partnership agreements can be written however the parties agree, so the rules could be different and that would result in entirely different calculations and results.

So essentially a good broker we'll get 75% of the materials upfront and if something is not right, the broker will tell the borrower what they need to do to get the loan accepted. 

My thoughts;  There's really no net cashflow here, so I'm hoping you're buying a lot of equity? 

Come up with a creative excuse to see inside so you can market it to your buyers. 

Your motivation is excellent so now you need to build credit, knowledge, resources, and connections.

In doing so, assuming equity remains or has increased, you would profit.

My family and I live in central Idaho, so neither Boise nor Moscow/Lewiston are that far from us.

So people are just doing infill lots and chopping lots off of existing buildings to find more lots to build something