Zoning is your biggest hurdle, by no means is it an easy or guaranteed process, also even in Seattle your rents for a 2 bedroom might be a bit much unless it is very close to the city center.

That is certainly an achievable hurdle rate.Honestly, if it were me, I would likely hold onto the condo for a lot of the reasons you mention, but I could see a case being made if you were really looking to potentially start your multifamily business.Happy to talk further and even give you an opinion on price if you are really considering selling. 

Are they being unreasonable? 

I have studied many types of Equity structures in a syndication scenario with various types of preferred returns, equity hurdles, and more, however I have not been able to find anything about how a sponsor can buyout the equity limited partner in a long term hold scenario.

And what do you think are unreasonable expectations from the owners or wish would be different?

It seems like one of the hurdles that can trip up noobies if you're not careful. 

If you have any questions please feel free to reach out we’re more than happy to help you avoid many hurdles and heartache that we have went throughout along this journey.

Mostly agreed... the biggest hurdle most of us have is the fear of rejection and unfavorable opinions.

I fear this may be my biggest hurdle while getting started.The AskAre there relationships where a wholesaler has a contractor to estimate the repair cost of properties and the wholesaler give the contractor a portion of the profits for the properties that are sold?

I have stopped answering phone calls and resorted only to written communication (for my records) but have noticed a pattern of very emotional and aggressive behavior from this tenant (as well as extremely unreasonable expectations about what the timeline is to have something fixed).