I received a phone call at approximately 11:00AM Saturday from a representative of your property management company letting me that there was a “misunderstanding” – I can only assume that I misunderstood that immediately meant whenever they felt like taking care of it. - After all I was told that it was “inconvenient” for them to have had to come back out here and move it.

@Michael Sepe that's a little on the high side for me, but every market is different, so, as some have said, you'll just want to grab comps.Like with sales agents, I think people misunderstand the operation of property management.

I don’t disagree with the (very emphatic) live at home sentiment at all- and don’t misunderstand my comment to say you need to purchase a home for some perceived status. what I should have clarified is that there is no substitute for experience!

@Dane PetersonSorry you may misunderstand, I’m saying insurance advice for FL is not the same as advice for TX.

Am I misunderstanding something?

I might completely misunderstand the rule.Thanks for your help,Joel & Bethany Johnson

Because these investors do not plan to be in the loan investment for any great term they misunderstand how to look at the investment to begin with.  

For 60% of the money, he is proposing 15% of the cash flow/profits to investors.Using the examples above, in an 80/20 split the investors should be getting 48% of the profit split and even in a 70/30 scenario, seems like investors should be getting 42%.Just want to make sure I'm not misunderstanding the metrics of the "typical" deal before getting back to him.

Unless I'm missing something or misunderstanding, I think you may be forgetting to factor in the $50,000 rehab cost into the financing.

Obvious stonewalling and convenient misunderstanding my requests, I have complained to every consumer protection group I can find.