No risk no reward my friend.

The developer does all the work and provides the financing so he gets the lion's share of rewards, but it's still worth it to the land owner to get a large check each month for doing nothing.

A lot of the deals I'm seeing in Los Angels area where the CAPs are low are price for the HNW individual to buy and hunker down and earn something above CD's while they execute on a preservation of capital plan.As real estate investors though we just need to continue to search for and find deals that put money in our pockets at a risk/reward return that is appropriate for the market and our individual circumstances. 

As mindy pointed out, you also need to understand what your finances are, what you can borrow using a mlo or even a hard money loan or bring some friends into a joint venture. all have their own risks/rewards of course so it comes down to your risk tolerance.  

Rinzin, It sounds like you want to take very little risk and reap all the rewards. 

so challenging but rewarding ln the long run...

However, it has more rewards too.  

At the end of the day it's up to you to gauge risk/reward.

If you don't take risks, you'll never reap the reward!!

It has some risk/reward involved generally as does most all hard money.I like your SW Chandler older home flip concept.