Personally, I'd never sign up for the micro-share model, just let me own and control 20-100% directly.WSJ Article (free hosting, no paywall)

Both of these make them lackluster at best.Lack of consideration of others -- I would be exceedingly hesitant to sign any sort of extension with a tenant who lives in a shared-elements-in-common situation who doesn't model "community thinking" at least to a degree.I currently have a tenant whose embodiment of ^^^ has toxified an entire property . . . one bad apple makes the whole block sore! 

I have experience in buying/holding existing rentals in this area but I have not done development at this stage.Initially, I was thinking about a model where we would potentially divide the property and construction in 3 phases once I complete rezoning and I sell to the developer 1/3 of the parcels at a time. 

Obviously it would take much less time for this model to work out with that 85% ratio than it would if your cash value to premium ratio was much less than that.

Following a similar model, imagine I put 5% down.

Following a similar model, imagine I put 5% down.

We run a lease with option to buy model so we are able to keep expenses to a bare minimum. 

If you're business model is doing the BRRRR things just got a little more expensive. https://www.marketwatch.com/story/refinancing-your-mortgage-will-cost-more-thanks-to-a-new-fee-from-fannie-mae-and-freddie-mac-2020-08-13

Events coming up in THIS WEEK - MAREI North has its very first-ever meeting TONIGHT and they are talking about the Kansas City Market, flipping houses and BRRRR with several local investors leading the discussion.MAREI also has is 2nd ever - new concept meeting for members - we attended an event in Ohio last week as a model. 

Maybe try following the wholesaler model if you're looking to find properties that need work but are cheap.