Which as newbie to real estate investing and to Bigger Pockets just referred to them as In-Law suites.

I realize there are many other things the investor needs to know regarding SEC rules, investment plans etc. but i am specifically referring to how they get their money back. taking the same example above, if the pref was 8%, and the loaned amount was 100k and the purchase price was also 100k. how would the general partner get paid?

Hello I dont know how to do all the rennovations I see my brothier doing at his rental project, I just feel like at a base leval I dont know anything no matter the history and work, how am I going to buy my first deal when I dont know ****  pleas help me dial it out of this hell  refering to the rehab skills mainlyhow to deduct all deffered maintances and otherwise I make 1k a mouth but what happens when a major rennovation takes place

Refer to your PPM.5.

This is commonly referred to as rental arbitrage.

@Rick Pozos when you say 50/50 are you referring to flips?

Well Tom what article or clause of the constitution references "assigning any contract."

They had a low credit score but beyond that, they were a solid applicant based on their application and references.

I keep that one sheet attached to most communication I have with borrowers so they will always have it and I can refer them back to it as necessary.

Have them fill out an application form listing their previous place of employments, references, etc.