Not a bad return.

Secondly, the homeowner would need to cooperate as she would need to submit a bunch of paperwork including income statements, tax returns, etc. for the Short Sale application to show that she is insolvent.  

Currently being leased, but expect my total cash on cash return to be above the number I target.

The longer the development cycle, the more risk on the LPs, the higher the return.

You will be required to get a foundation inspection report on top of an appraisal and you are required to pay for both.That is why I said make sure you do your research because if you pay for an appraisal or foundation inspection report and its not within guide lines you will have just wasted anywhere from $650 to $1000.00 non refundable.  

With commercial office space starting to return, I am interested in establishing a syndication group that would be willing to invest capital into commercial office buildings.

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Are returns just split proportionally according to how much each party invested? 

There is something to be said for knowing your ideal avatar, but you are taking on a lot more red tape and a lot less learning possibility.When you are a non-local investing out of your area, you are a mark for every deal out there.

This was just listed on the market, and boasted a great return.