Of course this doesn't include expenses either and they will similarly mark up anything they pay for.

And I’ve seen many appraisals, far off the mark as well.

Consistently, everything is "ON SALE" and while anyone and everyone with any common sense knows the "regular" price is just marked up to, mark down on a sale, it's still like moths to a flame. 

Then in any good property management software with accounting, you simply create the monthly invoice (for servicing the debt) and then mark that invoice as recurring for the duration of the loan.

I'm still considering it though.Also, great information @Anthony Swain!

Most real estate projects today are either not achieving their preferred return in cash flow or may not achieve this bench mark for the first three, four or even five years -- at this point, there may also be accrued preferred return that would have to be caught up.As a fund manager, what other asset classes are you evaluating to help increase cash flow for both your investors AND yourself?

Quote from @Mark S.: @Justin Melton Reminds me of something that happened to my son at an STR.

@Anthony Swain of course that is the way to start if you are buying the median house.

Quote from @Mark F.: Excellent question and very timely for me.

Mark Kohler is very good for instance.Did you ask the attendant at the dress store to show you every dress they ever sold before you bought one?