Get approved for construction loan (This is normally a loan at an 80% LTV, right)3.

It's just normal.

As someone with no experience investing into a syndication, is this normal, a red flag, or possibly ok depending on other variables?

Is this normal? 

The deposit remains in place until they are out and is treated like a normal termination.About 90% of tenants pay the fee.

Talking JUST on normalized revenues, payroll self $5m annually......

He was going to do the current deal for free on a new piece of land, but I’m willing to pay his half which is 5% of the normal 10% commission down there.  

As long as their fees are normal for your marketplace, don't focus on the cost of management and the few dollars saved by self-management. 2.

The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.The Cost Segregation Study was performed on the Asset Depreciation Range (ADR) and is based on a 40% tax bracket for State and Federal Taxes.

Often, this addendum would indicate such things as the date the original agreement was signed and include the new entity (and address) in the addendum.For some managers, they prefer having an agreement for each entity and if done electronically, the owner still has only 1 place to sign (normally).