The longer the development cycle, the more risk on the LPs, the higher the return.

I would compare my return with any market, anywhere but 1) this is a different San Diego market than the one I have been so successful in 2) while I am a big fan of leverage, I am not a fan of over leverage.

So, what’s the return if you have Zero invested. 

But also with low debt or free and clear property that they can easily access any time in the future with a cash out refinance.

I'm sure your lease and the law require the tenant to return the property in the same condition it was received, minus ordinary wear and tear.I would file again.

Currently being leased, but expect my total cash on cash return to be above the number I target.

I'd be willing to bet buying an index fund would have a better return without any of the headaches. 

With commercial office space starting to return, I am interested in establishing a syndication group that would be willing to invest capital into commercial office buildings.

It's not as simple as homes that were burned being rebuilt and original owners returning to them.

Pressure to use affiliated servicesHidden fee structuresPROFESSIONAL BOUNDARIES ⚖️Good QIs maintain:Clear fee disclosuresWritten policiesProfessional distanceEthical guidelinesWATCH OUT FOR 👀QIs who:Push investment productsOffer tax or legal advice without credentialsSuggest "creative" solutionsPromise guaranteed returns on exchange fundsBEST PRACTICES FOR VETTING 📋Check multiple referencesVerify professional membershipsResearch online presenceReview complaint historyExamine years in businessINDEPENDENCE MATTERS!