Troy  just because a property does not meet the 1% rule or .08 does not mean your over paying. in many markets top shelf real estate only hits the .03 rule or .05  1% rule is in markets that are generally flat on appreciation or historic appreciation and or risky vis a vi the tenant base.. 

Well the state had something to say about it LOL. my only blemish vis a vi a state agency in 47 years of doing this stuff. 

Originally posted by @Steve V.:I

The question is, whether you, yourself feel comfortable to do it.Good luck,Vi

Do I let’s say for my first deal I plan to pay investors a 6% preferred return and after that a 70% split to investors and 30% to me.Do I incorporate Blue Estate LLC and then go straight into creating a fund similar to that of Cardone Equity Fund VI which is a fund of Cardone Capital or do I just syndicate a single property deal and create a property LLC paying management fees to my firm to later hire employees and profit splits to investors and myself?

@Vi K.

The notice also gives taxpayers until July 15 to perform the time-sensitive actions listed in reg. section 301.7508A-1(c)(1)(iv)-(vi) or Rev.

I see your in NY  if its a NY property that does limit your choices NY is one of the most dangerous markets for HML Vis a vi you have a loan go bad and its forever to foreclose.. so that gets priced in.. along with many simply wont lend there I know I never have and never would same with NJ  just have to find folks that know and like that market..  

Richo Theta V I am currently using this model with my listings and with the agents who pay me.

@Yuuj V.   I