.- The partner brought in a cash contributor for his portion (let's say A, who got 50% of my partner's profit, basically 25% of the profit) to the deal and put a lien on the property.

2) Is there a portion of that nonrefundable deposit that is considered the cost for the lease option?

Quote from @Jay Hinrichs:There were no profits from this deal, but the sponsor is offering promissory note with payback from his portion of profits from other deals, in no way related to this one, other than being from the same GP.

Focusing on the financial numbers for these scenarios would probably be the most beneficial, vs. focusing on the written portion.

However, I have also put in the Fair Market Voucher Rent portion and submitted.

Understanding that SPECULATIVE investments should be only a PORTION of your total portfolio, and should only be money you can afford to lose.And what DOESN’T work1.

Assuming the property is equally owned 4 ways (25% each) you could have the property appraised for confirmation of value: $1.8M/4 = $450k/share x 3 = $1.35M could be obtained as a cash out refinance, potentially utilizing a healthy portion of the STR or projected STR income to qualify. 

Also, don't deprioritize building a financial cushion by allocating a portion of your income to an investment fund for down payments and property improvements.

Hello BP community,I'm interested to learn what most investors do with the portion of rental income commonly set aside for cap ex, repair, and vacancy costs.

What are some features in property management software that are absolutely vital?