I started working for a real estate developer in the area for free and ended up learning things that led to some great deals and opportunities.

I also like to read books on psychology, personal development, and books on business.

Also, even if you do pay for the work out of pocket immediately, depending on the length of the project many investors/developers want their money back to invest back into another part of their business such as lining up the next project.Lastly, getting your draws should not be too difficult.

I was able to get it at the ground floor and the area is in massive development.

In that instance your opportunity cost is missed free education and possible missed relationship development with your contractor.

West Charlotte is also a good up and coming area- lots of development going on 

I am trying to develop a series of questions to ask new leads.

Is there a list of venture capital firms to contact for a real estate development Tier 3, TOC approved project near downtown Los Angeles?

@Sophia Wang,It is very unlikely you will find a lender willing to do a construction loan for the IRA, none of the none-recourse lenders I know of (https://www.biggerpockets.com/...) would be willing to do it.Bringing on a partner does not change the fact that your IRA is developing a property, which is usually looked at as an active business and therefore will trigger UBIT on IRA profits from such activity for the IRA.

One guy told me they talked to City administration and developer incharge recently and City is encouraging huge apartments build out while working on problems caused by the bad leadership over past decade.Just sharing the info I got over past 2 days.