I definitely have some rose tinted glasses on and am drawn to the idea of 'lifestyle investing' hence why I am trying to get more realistic/experienced advice here.Kathryn and Jonathan, if I had to summarize your feedback;-If it seems so great, it will be competitive -If it is competitive, I am massively disadvantaged not being local/experienced in the market.

When going before public meetings with your proposals, drug, alcohol, and half way houses for former incarcerated, receive the most scrutiny.

@Francisco Pineiro To protect yourself when working with contractors:1.Start with a Clear Scope of Work (SOW): Ensure every detail of the project is outlined in writing, including materials, timelines, and deliverables.2.Use Milestone Payments: For a $40K rehab, consider this structure: 10% upfront, 30% at halfway completion, 30% at 75%, and the remaining 30% upon full completion.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

You can click on the magnifying glass in the upper corner to see the last 2000 posts. 

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

If even a fraction of the things discussed on this thread are remotely accurate, then the outlook is not good for Norada or investors.Based on how things have evolved with the conversion to equity in a seemingly failing business and no communication about how Norada is going to turn this around, it leaves little hope for me to see how any water is left in the glass...I don't view this a syndication, at least in terms of what most of us are used to in regards to a syndication in a true real estate project that is backed by a physical asset. 

Their filter is way to strong as well as you cant say if a property is not accepting section 8 and can't use the word glass.