Not only that your money is on the line for 8 years because construction activities fall under the Statute of repose not Statute of limitations."

I'm looking to learn real estate to help people who need my services, create a passive income and live a life with more freedom.

Most companies will provide lease up only services for you.

We are actively looking for a vacation rental cabin in the Asheville/Brevard, NC area...although we're scouting as far west as Highlands and as far east as Little Switzerland.  

Contracts for deed are being looked at more closely by CFBP because of predatory practices, but they are by no means illegal.4) What people are calling Sub2 financing can be achieved by 3 primary methods:Quit Claim deed where the seller has no recourse in the event of default but remains on the hook for the underlying loan.All inclusive trust deed (or wrap) where title transfers and the seller carries the note and continues to service the underlying debt.  

I am a active duty Army officer.

@Mas YoshidaSee following list:IRA funds CANNOT be invested via a promissory note to the following: Who’s OutYouYour SpouseYour natural parents and/or your adoptive parentsYour natural grandparentsYour natural children and/or your adopted childrenThe spouses of your natural childrenAny fiduciary of your IRAAny people providing services to your IRA–such as your stockbroker–as well as his employees and both his and his employees’ blood relativesIRA funds CAN be invested via a promissory note to the following:Who’s InYour brothers and sistersYour Spouse’s brothers and sistersYour spouse’s parentsYour spouse’s grandparentsYour stepchildrenYour spouse’s stepchildrenYour grandparent’s spouse, if not your natural grandparentYour aunts, uncles, and cousins

Even after I approve someone I tell them until the lease is signed and I have the security deposit I do not pull the rental ads and I continue to consider the property available to other applicants.I have had, in the past, the unfortunate experience of having a lease signed and someone (a 100 percent service connect veteran no less)  ask me to wait until the first of the month to pay the security deposit...only to have him drop off the face of the earth. 

The guys that throw it are active on BP and advertise the open house.  

My goal is to learn the biz from the inside-out and slowly transition from active to passive income over the next decade or so.