Also obvious to me is this property will not produce a return that warrants the effort. 

Everything else should be in dollars, and those two percentages I mentioned above produce dollars,...as in mortgage payment and taxes. 

Perhaps shadow a top producer in your office, After that stability and you have a nest egg.

I have gone lower before for high producing properties. 

Another option that requires more legwork is to call the servicer/ producer of the inverter.

That way you have a home base that isn't sitting vacant and you are producing income. 

Thank you for sharing  What findings and impressions has your research over the last 5 months produced?

Make sure it’s updated though as the IRS will ask for it to be produced quickly.

We all don't care how much Apple profits on our iPhone... what really matters is the product or value we get or in this terms the ROI on our principal.The fees can be broken down in the three main fees (so you might have to combine some of the above fees under one of the categories below):Acquisition fee (paid % of the asset price) - normally 1-3%Asset management (paid % of the income the asset produces) - normally 1-3%Distribution or exit fee (paid % of the sold asset price) - normally 1-3%Development fees (this is present in development deals) - exampleNOTE: Just because these fees are high or the split structure has too much going to the GP does not disqualify it.

Fail to produce K-1s in time for LP tax returns to completed on time, refuse to communicate with LPs, when LPs start to express frustration.Cheryl Cheryl, I'm sorry to hear this.Many investors learn expensive lessons with their early investments.Knowing nothing about this deal (because I didn't invest) I can already tell you the 24% projected return was a major red flag (in my opinion).