Trusts can also play a role.

The construction lender would then see that "purchase" as an acquisition, and you could refinance it with them to get a reimbursement of acquisition cost (to pay off your friend and remove their interest/ 1st lien) PLUS construction costs (with bids as mentioned above). your level experience will play a role in the terms you qualify for, just as a disclaimer (in-case this is your first construction project)There are a lot of nuances here that may make this tricky, but I believe it is possible.

Either way, your budget, skill sets, desires, abilities, contacts, team members all play a role in which method or avenue you take.

(Index funds, bonds and cash are way better than having all of your money in Tesla or Gamestop7) I do mine through my financial planner at Ameriprise and he uses a Goldman Sachs account.If you PM me, I can share my planner's contact info.Long-story short, this is an amazing option that is extremely underrated.

Whomever answers the phones at your offices will need to prepare to take on the role as technical helpdesk becasue anytime anyone has a problem or they don't know how to work it they're going to be calling you to fix it.

The operating agreement spells out the parties roles which makes the whole thing more believable as being a separate entity, and is more formal like a company is.

He would live in one of the units and manage the day to day activities, I would assume a consultant role while he gets his feet wet.  

Can anyone help me with the following 3 questions:1)  What is the customary ROI usually paid to Credit Partners when their role is limited to ONLY being a Credit Partner (which I don't diminish because it is a huge role)?

I have only sold to investors who I feel are going to take an active role in managing their properties and are willing to follow systems and management for the tenants.The answer to the question of "why buy rentals at all" is the same answer to any of the other investments you mention: to make money.The true wealth in real estate investing is to buy and hold for the long term.

I do mine the 1st of the month for multiple reasons plus also for for court and evictions - - must be in the same month.