If you are worried your tenants lack common sense, remove said plants.

@Lucien Gautreau 1% earnest money is common in commercial, so 10k EM on a 300k purchase price is high.

This can inform how much equity you provide in return2) Partnerships are a big part of most of the success stories on BP so embracing that mentality early can enable accelerated scale3) I like arrangements where incentives are aligned so it’s a positive that your GC cares about the project outcome and value created as much as you do4) With 4 kids and a full time job you may want to include some passive investing via syndicates in your strategy.  

At any rate, this is definitely legitimate and very common.  

Miami, Orlando, Tampa, Jacksonville are all different markets, but then you have the Panhandle markets like Pensacola, the really posh and high-end area of Naples, and the Northern part of the state that has more in common with GA than it does Miami.

Having worked from home for a long time I know the climate has changed and working from home is more common/acceptable.

Some of the more common contingencies include: financing, appraisal, title, and inspection.

It doesn't bind you with common liability risk the way a partnership does.The legal website NOLO.com explains it this way:https://www.nolo.com/legal-enc...Joint Venture.

This is very straight forward and common situation.

The place has improved a little, because Dough, Thomas, and myself have controlling interest in that those communities... don't expect anything amazing, turnover is very high, and bank foreclosures are common at those price point, so much so, we don't even buy them for that price.