I am not sure if anyone else saw it:"Full and Liquidated Damages": This limits both parties to just the damages stated in the contract.

You'd be saving around $7k, if you stick to your budget of paying back the full 10k within a year!

ONE OF THE REASONS WHY I WAS INTERESTED IN THIS PROPERTY WAS I LITERALLY GREW UP AROUND THIS PARTICULAR NEIGHBORHOOD SO IT WAS A FULL CIRCLE MOMENT FOR ME BESIDE IT BEING A GREAT DEAL I WAS VERY FAMILIAR AND COMFORTABLE WITH THE AREA !.

At least 1, maybe more, to the full scope of what’s for sale.

Now, my thoughts (full disclosure: I am not selling you anything): I see it as a red flag that the GP is doing a capital call, but you don't know why.

He can pay us off in full within 60 days for $3.2 million.  

So when you need to go check on things, rent units, meet contractors, etc, you're jumping in the car for 6 hours, spending 1hr there, and I'm thinking after a full days's work. 

In my area a B class rental might be occupied by family with 2 wage earners each working full-time entry level jobs like warehouse workers.

So it can be good for cash flow and building in tighter spaces but it is less of a equity play in today's market if you're looking to sell right awayAvery's right you won't make your money back in full most likely.

Therefore they can sit back and accept say $5000/month on a multi whereas me buying it, now I need full rent amount which is closer to $6800/month.