He sells you his house for his basis $323k carries the note.  

If you constantly chase the bottom dollar and bottom tier coverage you'll be the one carrying the most risk.Happy to connect and talk more.

Case in point, years ago we used Olympic paints from Lowes, which were carried for a long time.

I may not have explained myself clearly, so I apologize if there was any confusion.You are absolutely right that to carry out tangible commercial activities in Spain, such as real estate projects, it is necessary to establish an SL (Sociedad Limitada).

That said, working with an uninsured contractor still carries significant risks.

He didn't have to do that...you're carrying him). 

That said, I’ve never carried out a syndication before, so I’m looking to hear from those of you who have.1) What was your experience with syndication?

Hard money loans offer fast approval and don't risk personal assets but come with high-interest rates and fees, which can be tax-deductible as carrying costs.

The high HOA fee is already a factor, so ensure you’re comfortable with the overall carrying costs.Focus on the Land Value: Since the lot has development potential, you’re looking at this as a long-term investment.

By the time you factor in insurance and any cap ex....it's already a loser...even if you aren't carrying a mortgage.