However, while I stare this I use professional PM on my STRs/MTRs because I recognize I do not have the time or desire to properly manage them.  

If you can recognize that, then you know how to fix it for the future.

Banks do not want people to borrow the money and gamble it away at a casino.

How about some good stories: won a bunch, lost a bunch, anything funny to help get me in the gambling mood?

Appraisers analyze the mark data, apply recognized techniques and approaches, and reconcile the values indicated by the developed approaches to an opinion of market value.

Although I value my time, as the owner, I recognize this in the cash flows.

It's an NAR recognized designation.

Some he sponsors, some I sponsor, etc.After this initial discussion, I’ve proposed two things to him: 1.We need to negotiate a slight reduction in the builder’s percentage of profits2.Whoever sponsors the deal should take a 5% developer fee from the profits (*he said he has not done this on prior projects)I have a full time job and am going to be relying on him to do a good portion of the work, but I recognize I’m taking risk by bringing the equity and taking out the loan.

Gambling in LV has no comparison with getting your money stolen and being lied to.

I've had good experience with online auctions to buy and sale.I use a reserve price when listing with an auction.Research the auction policies to become familiar with their procedures.Also, learn a good bid strategy.Due diligence on any property is also important.And, beware that bidding (and winning) can become very emotional and "addictive" similar to gambling in my opinion.