What do you do regarding sheets and towels?

@Joshua KolnitysThe development costs you mention are not actually development costs, they’re soft costs.

Why should your wife not be able to but all the makeup she wants at Nordstroms because you have a mental issue in regards to charging what the tenant should be paying.It is not your fault the previous landlord didn't charge the market price for the rents and there is no reason you need to be soft in the head from now going forward.I have one brat who just started college in Fairbanks Alaska and another who just started at Ohio State University. 

I talked to Wells fargo, and they do max $2M load with 30% down, so doesn't work for me.

I've completed most soft costs but am getting squished between material prices and the threat of higher interest rates (15 units).

Here are the basic steps for investing in a real estate syndication:The sponsor announces that the deal is open for funding, usually via email.You review the investment summary deck and decide to invest.You submit your soft reserve, telling the sponsor how much you’d like to invest.

It's the cheapest unit (about 20-30k cheaper than other current comps that are rehabbed) in the building and needs some light reno (floor, paint) and has a long-term tenant in the unit that has been there almost 20 years. 25% down (investment), 3.19%The drastically-below-market rent the tenant pays JUST covers the mortgage/taxes/hoa/ins but no "soft costs."

However, pay attention to the neighborhood - everything about a property other than the location can be improved.When all options are exhausted and you are about to throw in the towel, try shifting markets to the mid-west(Ohio,Wisconsin,Missouri) before you do.Best of luck.

The problem is you have to put a towel in the door to keep it open for hours and hours after the wash cycle has completed.

The key is DO NOT soak the dry wall until soft.