When we purchased our laundromat, it had a strong brand and positive reviews online.

However they do choose to live in CA for many of the positives listed by folks previously.

AS noted we have two small positions and communication is very good reports are on time K 1s are on time.. of course we will see how it all ends up .. but for day to day operations compared to the horror stories you are hearing about other syndicators they are doing very well.Thanks!

Our end goal is to be in a position where we can be very selective and choose the clients and properties we work with so that doesn't happen.

Main goal of All In One heloc or 1st Lien Position Heloc:  Lower your daily average balance.Main Drawback: Rates are substantially higher than 60% of current 1st mortgage balances.If you are mostly living paycheck to paycheck and your money leaves your account as soon as it comes in to pay bills, this is not for you. 

If you have favorable terms on those first mortgages, you might find that a HELOC or a second-position loan is more cost-effective than doing a full refinance or a DSCR loan.

I hope to use private capital to fund the entry fees in second position.  

Most mentors are more oriented toward the positive mental attitude of slugging through finding a property, which can be trying to a lot of people.

That’s absolutely great and wonderful for the investors who are in the position to stabilize that!!!

While it's positive after expenses and has potential for improvement in year two, it’s been a bigger hassle than anticipated and taking attention from other priorities and areas of our life with not enough return.