We translate all of the PM software data into their QBO(s) each month to show complete financials (property-specific & non-property specific transactions all in 1 software).The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

Simply doesn't make any sense.I have seen these guys typically have a hard money loan of $600k recorded, which translate to about $150/sqft. and that typically would also include their 'GC fee' already.

Thats more like a temperature check on how optimistic everyone feels right now.Any long term prognosis can only rely on supply and demand projections.

Combine that with a very steep carried interest and I don't care if this is the deal of the century, because if it was, they would not be so fee heavy and rely more on carried interest.Personally, seeing a lot of underperformance in syndications, I do tend to see an inverse correlation between upfront fees and overall performance.  

He has since developed an obsessive passionate hatred of my contractor who I rely on for everything.

This requires an unexpired passport and bank statements showing down payments and closing costs which would need to be translated and in U.S.

You also are relying on appreciation if you want to do a C/O refinance, potentially limiting how much cash you can get out.

FF sometimes has issues with it's messaging system so I don't want to rely solely on that.

So your question translates to “how do I find / seek cash flowing properties.” 

To protect yourself, you need a specialist.Just like you wouldn’t go to a cardiologist for a brain injury, you shouldn’t rely on a real estate lawyer for loan docs – unless this is their specialty.