I'm trying to get a sense of whether your seller wants to get this done as badly as you probably do.If so, then your offer of 20% down ($3M) certainly seems reasonable and shows good faith.The specific note instrument the sellers signed when they originally took on the $9M debt will specify whether there is a "due on sale" clause or other language that might prevent you from purchasing the portfolio subject to the existing debt.

I used LibreOffice Draw, then converted it to PDF.Section 4 of  https://www.azleg.gov/ars/11/00480.htm states:"Each instrument dated and executed on or after January 1, 1991, .... shall have a print size no smaller than ten point type."

but if the investors agree to it, i guess that is all that matters.If investors were just getting a fixed rate every period(and no upside) - it sounds more like a debt instrument instead of an equity position.If you want to do it right - you would get an appraisal done on the properties that you want to syndicate.that way - you and all the investors know what the value of the property is today.

.§ 591.2 Definitions.For the purposes of this part, the following definitions apply:(b) Due-on-sale clause means a contract provision which authorizes the lender, at its option, to declare immediately due and payable sums secured by the lender's security instrument upon a sale of transfer of all or any part of the real property securing the loan without the lender's prior written consent.

In your example the Daily News reporters did not steal title to the Empire State Building, they merely recorded a fraudulent deed that conveyed no title, and very well may have committed a crime in doing so.You are correct the Seminole County Clerk of the Court does allow a property owner to register their property and receive notice when an instrument (deed, mortgage, affidavit of interest, etc) purporting to affect the title is recorded, as many counties in many states including NY allow you to.Protect Your Property from Deed Fraud (nyc.gov)Sign up for the Notice of Recorded Document Program: The City Register will automatically mail you a notification when a new document is recorded against your property.

Perfect comparability is not required.(16) Substantially Similar Rental Rate shall mean the Displacement Dwelling Unit rental rate plus five percent (5%) or minus ten percent (10%) of the contract rate for a Single Month Rent.(17) Tenant shall mean an authorized occupant of a residential rental building under a lease or contract, whether oral or written.(18) Tenant Protection Period shall mean the period that commences with the transfer of ownership of an affordable housing building and runs through the end of the ninety (90) calendar days following the month in which written notice of sale is delivered to each affordable housing dwelling unit tenant pursuant to Sec. 193.08(a).(19) Transfer of Ownership shall mean any conveyance of title to an affordable housing building, whether legal or equitable, voluntary or involuntary, resulting in a transfer of control of the building, effective as of the earlier of the date of delivery of the instrument of conveyance or the date the new owner takes possession.(20) Termination of Tenancy shall mean the end of a tenancy following a written notice given by a landlord to a tenant requiring the tenant to move, including nonrenewal of lease.

My real estate agent John Shannon was instrumental in finding this deal and being my eyes and ears on the ground since I am out of state in Oregon.

I've invested with Fundrise in the past, and as far as investing with financial vehicles/instruments apart from real properties...I really enjoyed it.

Our no-show rates are significantly higher with people we just emailed with.Credit score is a blunt instrument.

Depending on the price fo the property, you might put that 5% on a short term credit instrument and repay it with positive cash flow from the property.One curious thing I like to ask: Is the property reasonably close to where you live?