How about clarity and up front honesty. 

It provides more clarity for me as this is new and uncharted territory - especially how the repairs/draws take place seeing that this was a vacant fixer-upper and the lender in 1st lien has a rehab loan.

All but 1 tenant had to be evicted, was arrested, or went missing due to mental illness. 

I think dismissing potential ideas on the basis of them being too complicated is an awful mentality and I would rather know exactly why it wouldn't work or a path that would make it work and then decide for ourselves if it's worth it or not based on the steps it would take.

Consequently, it’s up to these companies themselves, not demand from investors, to set the value of their shares.Non-traded REITs own about 10% of the $2.5 trillion in real estate assets held by REITs, not counting private ones whose shares are only available to accredited investors, according to the National Association of Real Estate Investment Trusts, a trade group.The SEC and the Financial Industry Regulatory Authority, a self-regulatory organization for brokerage firms and exchange markets, issued investor notices in the mid-2010s that warned of potential risks from non-traded REITs.They include a lack of clarity as to how shares are valued, difficulties in selling shares readily, high fees often paid to managers with possible conflicts of interest, and the potential that investor cash and loan proceeds can be used to pay dividends during unprofitable periods.More recently, high-profile investment firms such as Blackstone Group and Starwood Capital Group have started their own non-traded property trusts with offers to disclose more information, charge fewer fees, and allow shares to be cashed in more frequently.

Other group homes for abused, veterans, and mental challenged usually have less opposition. 

But it's early yet and we await Marco Response for more clarity on the situation.

@Chris Yeung  @Julian Buick  @Steve MorrisGood morning gentleman.Just to provide clarity in this post, there are three (3) separate companies: 1) Norada Real Estate Investments2) Norada Real Estate Funding3) Norada Capital ManagementThe Promissory Notes you're referring to belong to Norada Capital Management.

The lead issue, coupled with an overall discomfort with the neighborhood and the home itself, has significantly impacted her mental and physical well-being.

I traded all my RE in for apartment complexes in Ohio and we have won every eviction over there due to the judges being tired of these mental midgets lying regarding Covid and not following the CDC standards on their end.